Is 60636, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60636 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60636 has remained a Seller's Market.

Key Takeaway

60636 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60636, IL

How much do homes in 60636, IL cost?

Median Sold Price

$175,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,875(+8.6%)

Key Takeaway

Homes in 60636 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 60636 was $175,000 in May 2024, up 8.6% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$197.5K
N/A
2 $89K$125K
+40.4%
3 $155K$145K
-6.5%
4 $149.5K$155K
+3.7%
5+ $200K$213K
+6.5%

Summary: 60636 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 40.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

60621
+23.2%
60636
+8.6%
60620
+8.6%
60609
+4.1%
60629
+3.8%

Housing Supply in 60636, IL

How many homes are available in 60636, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
142164+15.5%

Summary: The 60636 real estate market had 164 homes for sale in May 2024, a 15.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 3839
+2.6%
4 3739
+5.4%
5+ 5471
+31.5%

Summary: The 60636 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 15.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 31.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60636, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 60636 in May 2024, down by 3.0% month-over-month. Of the 32 sold homes, 47% were sold under asking, 9% were sold at asking, and 44% were sold over asking.

Days on Market for 60636, IL

How long does it take to sell a home in 60636, IL?

Average Sale Time

May 2023May 2024CHANGE
39 Days44 Days+10.6%

Summary: Homes in 60636 had an average of 44 days on market in May 2024, up by 10.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60636 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 32 homes were sold in 60636; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% 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 60636, IL

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