Is 60629, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60629 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60629 has remained a Seller's Market.

Key Takeaway

60629 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60629, IL

How much do homes in 60629, IL cost?

Median Sold Price

$269,856

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,856(+3.8%)

Key Takeaway

Homes in 60629 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 60629 was $269,856 in May 2024, up 3.8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $172.4K-
N/A
2 $215K$240K
+11.6%
3 $250K$255K
+2.0%
4 $275K$273K
-0.7%
5+ $305K$328.6K
+7.8%

Summary: 60629 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

60636
+8.6%
60632
+6.1%
60638
+4.2%
60652
+4.0%
60629
+3.8%

Housing Supply in 60629, IL

How many homes are available in 60629, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
139176+26.6%

Summary: The 60629 real estate market had 176 homes for sale in May 2024, a 26.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1724
+41.2%
3 4249
+16.7%
4 3852
+36.8%
5+ 4250
+19.0%

Summary: The 60629 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2539+56.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60629, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 60629 in May 2024, up by 56.0% month-over-month. Of the 39 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.

Days on Market for 60629, IL

How long does it take to sell a home in 60629, IL?

Average Sale Time

May 2023May 2024CHANGE
47 Days38 Days-17.4%

Summary: Homes in 60629 had an average of 38 days on market in May 2024, down by 17.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60629 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 39 homes were sold in 60629; 59% of homes were sold within 30 days, 33% 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

Newest Listings in 60629, IL

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