Is 60643, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 60643 has remained a Seller's Market.
Housing Prices in 60643, IL
How much do homes in 60643, IL cost?
Median Sold Price
$230,816
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60643 was $230,816 in May 2024, down 4.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83.9K | $112K | +33.4% |
2 Bedrooms | $157K | $175K | +11.5% |
3 Bedrooms | $219.9K | $220K | 0.0% |
4 Bedrooms | $367K | $292K | -20.4% |
5+ Bedrooms | $372.5K | $315K | -15.4% |
Summary: 60643 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 15.4%.
Housing Supply in 60643, IL
How many homes are available in 60643, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
183 | 209 | +14.2% |
Summary: The 60643 real estate market had 209 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 89 | 95 | +6.7% |
4 Bedrooms | 47 | 53 | +12.8% |
5+ Bedrooms | 19 | 33 | +73.7% |
Summary: The 60643 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 73.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 60643 in May 2024, up by 17.5% month-over-month. Of the 47 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for 60643, IL
How long does it take to sell a home in 60643, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 40 Days | +46.2% |
Summary: Homes in 60643 had an average of 40 days on market in May 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in 60643; 74% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.