Is 60089, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60089 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60089 has remained a Seller's Market.

Key Takeaway

60089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60089, IL

How much do homes in 60089, IL cost?

Median Sold Price

$366,733

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,733(+1.9%)

Key Takeaway

Homes in 60089 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 60089 was $366,733 in March 2024, up 1.9% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $122.5K$141K
+15.1%
2 $234K$240K
+2.6%
3 $376.3K$380K
+1.0%
4 $505K$530K
+5.0%
5+ $650.3K$671K
+3.2%

Summary: 60089 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

60004
+6.1%
60090
+5.6%
60015
+4.7%
60089
+1.9%
60069
0.0%

Housing Supply in 60089, IL

How many homes are available in 60089, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114141+23.7%

Summary: The 60089 real estate market had 141 homes for sale in March 2024, a 23.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 88
0.0%
2 3945
+15.4%
3 3249
+53.1%
4 3134
+9.7%
5+ 45
+25.0%

Summary: The 60089 housing inventory by bedroom type for March 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 53.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2243+95.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60089, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in 60089 in March 2024, up by 95.5% month-over-month. Of the 43 sold homes, 37% were sold under asking, 12% were sold at asking, and 51% were sold over asking.

Days on Market for 60089, IL

How long does it take to sell a home in 60089, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
28 Days24 Days-12.6%

Summary: Homes in 60089 had an average of 24 days on market in Mar 2024, down by 12.6% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60089 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 43 homes were sold in 60089; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% 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 28 Days Ago

Newest Listings in 60089, IL

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