Is 60064, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60064 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60064 has remained a Seller's Market.

Key Takeaway

60064 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60064, IL

How much do homes in 60064, IL cost?

Median Sold Price

$175,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,500(+11.8%)

Key Takeaway

Homes in 60064 have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in 60064 was $175,000 in April 2024, up 11.8% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $94.2K$107K
+13.5%
2 $127K$150K
+18.1%
3 $154K$210K
+36.4%
4 $180K$175K
-2.8%
5+ $196.7K$214.7K
+9.1%

Summary: 60064 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

60044
+27.1%
60085
+13.5%
60064
+11.8%
60422
+1.8%

Housing Supply in 60064, IL

How many homes are available in 60064, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2429+20.8%

Summary: The 60064 real estate market had 29 homes for sale in April 2024, a 20.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 33
0.0%
3 610
+66.7%
4 68
+33.3%
5+ 55
0.0%

Summary: The 60064 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60064, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 60064 in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for 60064, IL

How long does it take to sell a home in 60064, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days12 Days-27.5%

Summary: Homes in 60064 had an average of 12 days on market in Apr 2024, down by 27.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60064 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 60064; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

Newest Listings in 60064, IL

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