Is 60472, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60472 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 60472 was a Seller's Market.

Key Takeaway

60472 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60472, IL

How much do homes in 60472, IL cost?

Median Sold Price

$56,000

$50/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$40,250(-41.8%)

Key Takeaway

Homes in 60472 have sold for 41.8% less than they did a month ago.

Summary: The median home sold price in 60472 was $56,000 in April 2024, down 41.8% from last month, and the median price per square foot was $50.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $96.2K$56K
-41.8%
4 --
N/A
5+ --
N/A

Summary: 60472 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 41.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 60472, IL

How many homes are available in 60472, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1310-23.1%

Summary: The 60472 real estate market had 10 homes for sale in April 2024, a 23.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 127
-41.7%
4 12
+100.0%
5+ 01
+100.0%

Summary: The 60472 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 decreased by 41.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60472, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 60472 in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 60472, IL

How long does it take to sell a home in 60472, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
43 Days53 Days+22.5%

Summary: Homes in 60472 had an average of 53 days on market in Apr 2024, up by 22.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60472 has remained consistent over time.

Summary: During April 2024, 1 homes were sold in 60472; 0% of homes were sold within 30 days, 100% 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 7 Days Ago

Newest Listings in 60472, IL

Nearby Markets to 60472, IL