Is 60436, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60436 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60436 has remained a Seller's Market.

Key Takeaway

60436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60436, IL

How much do homes in 60436, IL cost?

Median Sold Price

$198,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,000(+10.0%)

Key Takeaway

Homes in 60436 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 60436 was $198,000 in March 2024, up 10% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $132K$131K
-0.8%
2 $155K$184K
+18.7%
3 $197.4K$200K
+1.3%
4 $208.1K$237.5K
+14.1%
5+ $260K$235K
-9.6%

Summary: 60436 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

60421
+20.9%
60432
+19.8%
60436
+10.0%
60433
+9.5%
60435
+9.4%

Housing Supply in 60436, IL

How many homes are available in 60436, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4752+10.6%

Summary: The 60436 real estate market had 52 homes for sale in March 2024, a 10.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2123
+9.5%
3 1721
+23.5%
4 65
-16.7%
5+ 22
0.0%

Summary: The 60436 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60436, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 60436 in March 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.

Days on Market for 60436, IL

How long does it take to sell a home in 60436, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days23 Days-32.4%

Summary: Homes in 60436 had an average of 23 days on market in Mar 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60436 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in 60436; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 27 Days Ago

Newest Listings in 60436, IL

Nearby Markets to 60436, IL