Is 60430, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60430 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 60430 has remained a Seller's Market.

Key Takeaway

60430 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60430, IL

How much do homes in 60430, IL cost?

Median Sold Price

$229,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$11,000(-4.6%)

Key Takeaway

Homes in 60430 have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in 60430 was $229,000 in February 2024, down 4.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $76K$82K
+7.9%
2 $140K$153K
+9.2%
3 $242K$244.9K
+1.2%
4 $295.5K$307K
+3.9%
5+ $350K$339.9K
-2.9%

Summary: 60430 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

60429
+12.9%
60425
+8.9%
60476
+5.2%
60422
+1.6%
60430
-4.6%

Housing Supply in 60430, IL

How many homes are available in 60430, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7185+19.7%

Summary: The 60430 real estate market had 85 homes for sale in February 2024, a 19.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 1617
+6.3%
3 3137
+19.4%
4 2026
+30.0%
5+ 43
-25.0%

Summary: The 60430 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
16160.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60430, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 60430 in February 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.

Days on Market for 60430, IL

How long does it take to sell a home in 60430, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days35 Days-14.9%

Summary: Homes in 60430 had an average of 35 days on market in Feb 2024, down by 14.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60430 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 16 homes were sold in 60430; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 28 Days Ago

Newest Listings in 60430, IL

Nearby Markets to 60430, IL