Is 60656, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60656 has remained a Seller's Market.
Housing Prices in 60656, IL
How much do homes in 60656, IL cost?
Median Sold Price
$335,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60656 was $335,000 in April 2024, up 1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.9K | $135K | +10.7% |
2 Bedrooms | $220.5K | $210K | -4.8% |
3 Bedrooms | $385K | $410.7K | +6.7% |
4 Bedrooms | $437.5K | $442.5K | +1.1% |
5+ Bedrooms | $592.9K | $665K | +12.2% |
Summary: 60656 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 60656, IL
How many homes are available in 60656, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 75 | +5.6% |
Summary: The 60656 real estate market had 75 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 39 | 35 | -10.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 60656 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 60656 in April 2024, up by 12.5% month-over-month. Of the 27 sold homes, 56% were sold under asking, 7% were sold at asking, and 37% were sold over asking.
Days on Market for 60656, IL
How long does it take to sell a home in 60656, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 19 Days | +23.4% |
Summary: Homes in 60656 had an average of 19 days on market in Apr 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 60656; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.