Is 60442, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60442 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60442 has remained a Seller's Market.

Key Takeaway

60442 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60442, IL

How much do homes in 60442, IL cost?

Median Sold Price

$364,950

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$39,450(+12.1%)

Key Takeaway

Homes in 60442 have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in 60442 was $364,950 in April 2024, up 12.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $125K-
N/A
2 $224.2K$255K
+13.7%
3 $275.4K$305K
+10.7%
4 $419.9K$425K
+1.2%
5+ $520K$550K
+5.8%

Summary: 60442 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

60433
+14.6%
60442
+12.1%
60421
+10.9%
60451
+10.4%
60468
+5.0%

Housing Supply in 60442, IL

How many homes are available in 60442, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4854+12.5%

Summary: The 60442 real estate market had 54 homes for sale in April 2024, a 12.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 1117
+54.5%
4 2022
+10.0%
5+ 79
+28.6%

Summary: The 60442 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 40%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60442, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60442 in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for 60442, IL

How long does it take to sell a home in 60442, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days36 Days+27.4%

Summary: Homes in 60442 had an average of 36 days on market in Apr 2024, up by 27.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60442 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in 60442; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 6 Days Ago

Newest Listings in 60442, IL

Nearby Markets to 60442, IL