Is 60421, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60421 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60421 has remained a Seller's Market.

Key Takeaway

60421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60421, IL

How much do homes in 60421, IL cost?

Median Sold Price

$305,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$30,000(+10.9%)

Key Takeaway

Homes in 60421 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 60421 was $305,000 in April 2024, up 10.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $226K$265K
+17.3%
3 $275K$300K
+9.1%
4 $347.4K$360K
+3.6%
5+ $425K$377K
-11.3%

Summary: 60421 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

60433
+14.6%
60442
+12.1%
60421
+10.9%
60436
+9.0%
60410
+7.5%

Housing Supply in 60421, IL

How many homes are available in 60421, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1512-20.0%

Summary: The 60421 real estate market had 12 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 45
+25.0%
4 63
-50.0%
5+ 00
0.0%

Summary: The 60421 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60421, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 60421 in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for 60421, IL

How long does it take to sell a home in 60421, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days12 Days-54.3%

Summary: Homes in 60421 had an average of 12 days on market in Apr 2024, down by 54.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60421 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 60421; 83% of homes were sold within 30 days, 17% 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 60421, IL

Nearby Markets to 60421, IL