Is 60035, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60035 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60035 has remained a Seller's Market.

Key Takeaway

60035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60035, IL

How much do homes in 60035, IL cost?

Median Sold Price

$669,666

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,833(+4.5%)

Key Takeaway

Homes in 60035 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 60035 was $669,666 in May 2024, up 4.5% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $165K$209K
+26.7%
2 $385K$375K
-2.6%
3 $500K$525K
+5.0%
4 $739K$750K
+1.5%
5+ $1.0M$1.2M
+19.4%

Summary: 60035 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

60015
+11.0%
60035
+4.5%
60022
+4.5%
60045
-3.8%

Housing Supply in 60035, IL

How many homes are available in 60035, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
144155+7.6%

Summary: The 60035 real estate market had 155 homes for sale in May 2024, a 7.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1518
+20.0%
3 4647
+2.2%
4 5458
+7.4%
5+ 2932
+10.3%

Summary: The 60035 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 20%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3538+8.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60035, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 60035 in May 2024, up by 8.6% month-over-month. Of the 38 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.

Days on Market for 60035, IL

How long does it take to sell a home in 60035, IL?

Average Sale Time

May 2023May 2024CHANGE
23 Days26 Days+13.5%

Summary: Homes in 60035 had an average of 26 days on market in May 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60035 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 38 homes were sold in 60035; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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