60657, IL Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is this a good time to sell a house in Illinois? ›

If you're after the best sales price, the best month to sell in Illinois is June when houses sell for 7.40% more than average. If your priority is speed, June is the best time to sell because homes tend to sell 11 days faster than average.

Of the 10 largest U.S. cities, Chicago has held onto its housing affordability best over the past 50-plus years, according to data from RealtyHop. After publishing a state-by state look at how affordability has changed since 1970, RealtyHop pulled city-by-city data exclusively for Crain's.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

Median Home Prices

The median sale price of a home in Illinois as of April 2024 was $295,600, according to Redfin's monthly housing market data. This is an increase of 7.5% from April 2023. In Chicago, the median price in April 2024 was predictably much higher at $370,000, an increase of 5.7% from the previous year.

Fulton River District is the most expensive neighborhood in Chicago, as the average rent for a one-bedroom unit is $3,524. There are plenty of reasons why this neighborhood draws residents. Fulton River District is one of Chicago's most walkable neighborhoods, as you access restaurants and shops.

The recommended salary in Chicago is $4,256.66 per month or $51,080 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,277.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

In good weather buyers are more prepared to go house hunting. As such, Spring is a pretty up-beat time of year and often considered to be the time when the most buyers are active in the market. The flip side is that it's also when you can expect to be up against the greatest number of competing sellers.

What is the average price of a house in Illinois? ›

$270,830. The average Illinois home value is $270,830, up 6.9% over the past year and goes to pending in around 7 days.