Is 60634, 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, 60634 has remained a Seller's Market.
Housing Prices in 60634, IL
How much do homes in 60634, IL cost?
Median Sold Price
$353,566
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60634 was $353,566 in May 2024, up 4.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.5K | $135K | +5.1% |
2 Bedrooms | $270K | $277.5K | +2.8% |
3 Bedrooms | $344.9K | $360.5K | +4.5% |
4 Bedrooms | $393.5K | $385K | -2.2% |
5+ Bedrooms | $463K | $470K | +1.5% |
Summary: 60634 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 60634, IL
How many homes are available in 60634, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
164 | 200 | +22.0% |
Summary: The 60634 real estate market had 200 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 47 | 49 | +4.3% |
3 Bedrooms | 60 | 71 | +18.3% |
4 Bedrooms | 43 | 57 | +32.6% |
5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The 60634 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 48 | -22.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 60634 in May 2024, down by 22.6% month-over-month. Of the 48 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.
Days on Market for 60634, IL
How long does it take to sell a home in 60634, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 16 Days | -46.2% |
Summary: Homes in 60634 had an average of 16 days on market in May 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in 60634; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.