Is 60655, 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, 60655 has remained a Seller's Market.
Housing Prices in 60655, IL
How much do homes in 60655, IL cost?
Median Sold Price
$294,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60655 was $294,000 in May 2024, up 12.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.5K | $115.5K | +29.1% |
2 Bedrooms | $224K | $260K | +16.1% |
3 Bedrooms | $284.9K | $300K | +5.3% |
4 Bedrooms | $325K | $343.5K | +5.7% |
5+ Bedrooms | $249.9K | $337.2K | +34.9% |
Summary: 60655 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 34.9%.
Housing Supply in 60655, IL
How many homes are available in 60655, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 101 | +8.6% |
Summary: The 60655 real estate market had 101 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 60655 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 7.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 23 | -23.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 60655 in May 2024, down by 23.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for 60655, IL
How long does it take to sell a home in 60655, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -33.5% |
Summary: Homes in 60655 had an average of 22 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in 60655; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.