Is 60428, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60428 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60428 has remained a Seller's Market.

Key Takeaway

60428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60428, IL

How much do homes in 60428, IL cost?

Median Sold Price

$157,875

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,875(+12.8%)

Key Takeaway

Homes in 60428 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 60428 was $157,875 in April 2024, up 12.8% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $90K$135K
+50.0%
3 $130K$139.4K
+7.3%
4 $168.4K$175K
+3.9%
5+ $165K$188.7K
+14.4%

Summary: 60428 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 50%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

60426
+14.9%
60429
+12.9%
60428
+12.8%
60452
+1.9%
60469
+1.8%

Housing Supply in 60428, IL

How many homes are available in 60428, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7574-1.3%

Summary: The 60428 real estate market had 74 homes for sale in April 2024, a 1.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 5550
-9.1%
4 1417
+21.4%
5+ 46
+50.0%

Summary: The 60428 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60428, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 60428 in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.

Days on Market for 60428, IL

How long does it take to sell a home in 60428, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days61 Days+78.6%

Summary: Homes in 60428 had an average of 61 days on market in Apr 2024, up by 78.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60428 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 14 homes were sold in 60428; 43% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 36% 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 60428, IL

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