Is 60403, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60403 is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, 60403 has remained a Seller's Market.

Key Takeaway

60403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60403, IL

How much do homes in 60403, IL cost?

Median Sold Price

$260,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$26,700(+11.4%)

Key Takeaway

Homes in 60403 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 60403 was $260,000 in August 2024, up 11.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $130K-
N/A
2 $215K$240K
+11.6%
3 $270K$277.5K
+2.8%
4 $275K$325K
+18.2%
5+ $266.5K$350K
+31.3%

Summary: 60403 housing prices by bedroom type for August 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 2.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Zip Codes

60403
+11.4%
60435
+11.1%
60441
+8.9%
60446
+5.2%

Housing Supply in 60403, IL

How many homes are available in 60403, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
6172+18.0%

Summary: The 60403 real estate market had 72 homes for sale in August 2024, a 18.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 3639
+8.3%
3 1522
+46.7%
4 910
+11.1%
5+ 11
0.0%

Summary: The 60403 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60403, expect to pay close to the asking price. 34.8% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in 60403 in August 2024, up by 15.0% month-over-month. Of the 23 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for 60403, IL

How long does it take to sell a home in 60403, IL?

Average Sale Time

Aug 2023Aug 2024CHANGE
13 Days12 Days-5.3%

Summary: Homes in 60403 had an average of 12 days on market in Aug 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60403 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 23 homes were sold in 60403; 91% of homes were sold within 30 days, 9% 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 20 Days Ago

Newest Listings in 60403, IL

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