Is 60525, 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, 60525 has remained a Seller's Market.
Housing Prices in 60525, IL
How much do homes in 60525, IL cost?
Median Sold Price
$439,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60525 was $439,000 in May 2024, up 3.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $165K | +1.5% |
2 Bedrooms | $220K | $250K | +13.6% |
3 Bedrooms | $422.5K | $430K | +1.8% |
4 Bedrooms | $700K | $703.5K | 0.5% |
5+ Bedrooms | $937.5K | $820K | -12.5% |
Summary: 60525 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in 60525, IL
How many homes are available in 60525, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 138 | +17.9% |
Summary: The 60525 real estate market had 138 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 42 | 50 | +19.0% |
4 Bedrooms | 30 | 43 | +43.3% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 60525 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 60525 in May 2024, the same as the previous month. Of the 40 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for 60525, IL
How long does it take to sell a home in 60525, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 12 Days | -70.6% |
Summary: Homes in 60525 had an average of 12 days on market in May 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in 60525; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.