Is 60432, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60432 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60432 has remained a Seller's Market.

Key Takeaway

60432 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60432, IL

How much do homes in 60432, IL cost?

Median Sold Price

$220,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,050(+13.4%)

Key Takeaway

Homes in 60432 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 60432 was $220,000 in April 2024, up 13.4% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $112.5K$62.5K
-44.4%
2 $151K$165K
+9.3%
3 $188K$220.5K
+17.3%
4 $237.4K$355K
+49.5%
5+ $209K$225K
+7.7%

Summary: 60432 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

60433
+14.6%
60432
+13.4%
60451
+10.4%
60441
+10.2%
60435
+10.1%

Housing Supply in 60432, IL

How many homes are available in 60432, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3742+13.5%

Summary: The 60432 real estate market had 42 homes for sale in April 2024, a 13.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 99
0.0%
3 2124
+14.3%
4 46
+50.0%
5+ 33
0.0%

Summary: The 60432 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60432, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 60432 in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.

Days on Market for 60432, IL

How long does it take to sell a home in 60432, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days9 Days-69.8%

Summary: Homes in 60432 had an average of 9 days on market in Apr 2024, down by 69.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60432 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 12 homes were sold in 60432; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in 60432, IL

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