Is 60429, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60429 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60429 was a Seller's Market.

Key Takeaway

60429 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60429, IL

How much do homes in 60429, IL cost?

Median Sold Price

$175,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,000(+12.9%)

Key Takeaway

Homes in 60429 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 60429 was $175,000 in April 2024, up 12.9% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $47.2K$54K
+14.3%
2 $96.4K$132K
+36.9%
3 $154.9K$165K
+6.5%
4 $223.2K$229.5K
+2.8%
5+ $246K$200K
-18.7%

Summary: 60429 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Zip Codes

60426
+14.9%
60429
+12.9%
60428
+12.8%
60430
+3.6%
60478
-2.6%

Housing Supply in 60429, IL

How many homes are available in 60429, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7886+10.3%

Summary: The 60429 real estate market had 86 homes for sale in April 2024, a 10.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 76
-14.3%
3 5054
+8.0%
4 1420
+42.9%
5+ 43
-25.0%

Summary: The 60429 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 14.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60429, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 60429 in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for 60429, IL

How long does it take to sell a home in 60429, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days40 Days+35.3%

Summary: Homes in 60429 had an average of 40 days on market in Apr 2024, up by 35.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60429 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in 60429; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% 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 9 Days Ago

Newest Listings in 60429, IL

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