Is 60630, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60630 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60630 has remained a Seller's Market.

Key Takeaway

60630 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60630, IL

How much do homes in 60630, IL cost?

Median Sold Price

$406,196

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,863(+6.8%)

Key Takeaway

Homes in 60630 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 60630 was $406,196 in May 2024, up 6.8% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $140K$149.9K
+7.1%
2 $249K$284.9K
+14.4%
3 $388.7K$420K
+8.0%
4 $423.7K$468.5K
+10.6%
5+ $515K$570K
+10.7%

Summary: 60630 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

60659
+21.3%
60646
+8.4%
60641
+7.4%
60630
+6.8%
60625
+1.0%

Housing Supply in 60630, IL

How many homes are available in 60630, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130151+16.2%

Summary: The 60630 real estate market had 151 homes for sale in May 2024, a 16.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 56
+20.0%
2 2426
+8.3%
3 4948
-2.0%
4 3042
+40.0%
5+ 2229
+31.8%

Summary: The 60630 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 31.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4046+15.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60630, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in 60630 in May 2024, up by 15.0% month-over-month. Of the 46 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for 60630, IL

How long does it take to sell a home in 60630, IL?

Average Sale Time

May 2023May 2024CHANGE
29 Days26 Days-12.0%

Summary: Homes in 60630 had an average of 26 days on market in May 2024, down by 12% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60630 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 46 homes were sold in 60630; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 60630, IL

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