Is 60415, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60415 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60415 has remained a Seller's Market.

Key Takeaway

60415 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60415, IL

How much do homes in 60415, IL cost?

Median Sold Price

$186,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,500(+11.0%)

Key Takeaway

Homes in 60415 have sold for 11% more than they did a year ago.

Summary: The median home sold price in 60415 was $186,000 in April 2024, up 11% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $89.8K$105K
+16.9%
2 $132.7K$157K
+18.3%
3 $270K$267.5K
-0.9%
4 $272.5K$275K
+0.9%
5+ $449.9K$460K
+2.2%

Summary: 60415 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

60482
+23.0%
60415
+11.0%
60453
+3.8%

Housing Supply in 60415, IL

How many homes are available in 60415, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3234+6.3%

Summary: The 60415 real estate market had 34 homes for sale in April 2024, a 6.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 1314
+7.7%
3 89
+12.5%
4 45
+25.0%
5+ 55
0.0%

Summary: The 60415 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

3 Homes Were 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 60415, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 60415 in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 60415, IL

How long does it take to sell a home in 60415, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days10 Days-60.4%

Summary: Homes in 60415 had an average of 10 days on market in Apr 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

9 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 60415 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 60415; 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 1 Day Ago

Newest Listings in 60415, IL

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