Is 60643, 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, 60643 has remained a Seller's Market.
Housing Prices in 60643, IL
How much do homes in 60643, IL cost?
Median Sold Price
$235,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60643 was $235,000 in April 2024, down 0.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $111.4K | +34.3% |
2 Bedrooms | $157K | $159.9K | +1.8% |
3 Bedrooms | $210K | $221.5K | +5.5% |
4 Bedrooms | $365K | $292K | -20.0% |
5+ Bedrooms | $360K | $325K | -9.7% |
Summary: 60643 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in 60643, IL
How many homes are available in 60643, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
173 | 189 | +9.2% |
Summary: The 60643 real estate market had 189 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 86 | 91 | +5.8% |
4 Bedrooms | 40 | 50 | +25.0% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 60643 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 38 | -13.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 60643 in April 2024, down by 13.6% month-over-month. Of the 38 sold homes, 45% were sold under asking, 13% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 31 Days | -19.0% |
Summary: Homes in 60643 had an average of 31 days on market in Apr 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 60643; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.