Is 60617, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 60617 was a Seller's Market.
Housing Prices in 60617, IL
How much do homes in 60617, IL cost?
Median Sold Price
$192,450
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60617 was $192,450 in May 2024, up 11.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $210.4K | +31.5% |
2 Bedrooms | $110K | $106.5K | -3.2% |
3 Bedrooms | $160K | $200K | +25.0% |
4 Bedrooms | $192K | $205K | +6.8% |
5+ Bedrooms | $240K | $206.5K | -14.0% |
Summary: 60617 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 14%.
Housing Supply in 60617, IL
How many homes are available in 60617, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
260 | 298 | +14.6% |
Summary: The 60617 real estate market had 298 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 104 | 120 | +15.4% |
4 Bedrooms | 67 | 72 | +7.5% |
5+ Bedrooms | 57 | 67 | +17.5% |
Summary: The 60617 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 17.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 60617 in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 45% were sold under asking, 18% were sold at asking, and 37% were sold over asking.
Days on Market for 60617, IL
How long does it take to sell a home in 60617, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 54 Days | +13.3% |
Summary: Homes in 60617 had an average of 54 days on market in May 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in 60617; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.