Is 60433, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60433 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60433 has remained a Seller's Market.

Key Takeaway

60433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60433, IL

How much do homes in 60433, IL cost?

Median Sold Price

$192,500

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,500(+14.6%)

Key Takeaway

Homes in 60433 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 60433 was $192,500 in April 2024, up 14.6% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $60.7K$169.9K
+179.7%
2 $157K$164.9K
+5.0%
3 $163K$210K
+28.8%
4 $195K$209.9K
+7.7%
5+ $237.5K$250K
+5.3%

Summary: 60433 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.7%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

60433
+14.6%
60432
+13.4%
60421
+10.9%
60451
+10.4%
60436
+9.0%

Housing Supply in 60433, IL

How many homes are available in 60433, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3235+9.4%

Summary: The 60433 real estate market had 35 homes for sale in April 2024, a 9.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1416
+14.3%
4 87
-12.5%
5+ 24
+100.0%

Summary: The 60433 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 decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60433, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 60433 in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for 60433, IL

How long does it take to sell a home in 60433, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
23 Days20 Days-13.8%

Summary: Homes in 60433 had an average of 20 days on market in Apr 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60433 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 homes were sold in 60433; 80% of homes were sold within 30 days, 20% 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 60433, IL

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