Is 60424, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60424 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60424 has remained a Seller's Market.

Key Takeaway

60424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60424, IL

How much do homes in 60424, IL cost?

Median Sold Price

$205,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,500(+9.3%)

Key Takeaway

Homes in 60424 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 60424 was $205,000 in April 2024, up 9.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$20K
N/A
2 $130K$135K
+3.8%
3 $198.7K$212.5K
+6.9%
4 $192K$213.7K
+11.3%
5+ --
N/A

Summary: 60424 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 3.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60407
+13.1%
60424
+9.3%

Housing Supply in 60424, IL

How many homes are available in 60424, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
58+60.0%

Summary: The 60424 real estate market had 8 homes for sale in April 2024, a 60.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 11
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The 60424 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60424, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 60424 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 60424, IL

How long does it take to sell a home in 60424, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days18 Days+157.1%

Summary: Homes in 60424 had an average of 18 days on market in Apr 2024, up by 157.1% compared to last year.

Breakdown of Home Sale Times

2 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 60424 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in 60424; 67% of homes were sold within 30 days, 33% 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 14 Days Ago

Newest Listings in 60424, IL

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