60640 Home Values & Market Trends

There are 24 homes currently listed for 60640. 60640 real estate market trends show that home prices range from $79,900 to $2,799,000, and the median sales price in the 60640 zip code is $295,169.84. The total number of properties sold within the past twelve months is 784. In 60640, 23 properties are in foreclosure, 1 are bank owned properties,and 5 are headed for auction.

60640 Real Estate Market Overview

CityMedian Est. Value
Chicago

$ 313,250

$ 246/sqft

Housing Market Summary for 60640

Apr 2023March 2024Change
Median Listing Price$189K$273.8K44.86%
Median Sold Price$293.1K$273.8K-6.58%
Homes For Sale2719-29.63%
Homes Sold432382-11.57%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 60640

The median list price of a home in Chicago, is $295,169.84. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 24.00%. The total count of 60640 properties is 13,593.

Foreclosure
There is 1 cities within 60640; within this cities, the median estimated home value for homes in foreclosure ranges from $10,092,979 in chicago to the lowest value of $20,299 in chicago. Foreclosure homes account for 0.00% of properties in 60640 with chicago containing 2961 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.13% of all residential properties in 60640 with chicago containing 2245 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 60640; of that cities, the estimated home value for pre-foreclosure homes ranges from $10,092,979 in chicago to the lowest home value of $20,299 in chicago.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 60640 ranges from the highest value of $6,735,107 in chicago to the lowest value of $33,259 in chicago. Bank owned homes and properties account for 0.01% of properties in 60640. There is 1 cities within 60640; chicago containing 257 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    chicago has 459 auction properties, the highest number of properties going to auction in a single city in the state of 60640. Auction homes and other auction properties account for 0.04% of all properties in 60640. There is 1 cities within 60640; of that cities, the median estimated home value for homes going to auction ranges from $2,670,500 in chicago to the lowest value of $34,299 in chicago.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in 60640 with chicago containing 1165 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 60640; homes for sale in that cities, have a range of median values from $6,995,000 in chicago to the lowest value of $30,000 in chicago.
    Sold Homes
    The median value for recently sold homes ranges from $25,083,244 in chicago to the lowest price of $19,312 in chicago. There is 1 cities within 60640. chicago has 16077 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.95% of properties in 60640.

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      Guide for 60640

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes 60640

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