Is 60473, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60473 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60473 has remained a Seller's Market.

Key Takeaway

60473 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60473, IL

How much do homes in 60473, IL cost?

Median Sold Price

$225,687

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,437(+2.0%)

Key Takeaway

Homes in 60473 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 60473 was $225,687 in April 2024, up 2% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $55K$100K
+81.8%
2 $172.9K$159.4K
-7.8%
3 $220K$220K
0.0%
4 $245K$247.5K
+1.0%
5+ $279K$285K
+2.2%

Summary: 60473 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

60426
+14.9%
60473
+2.0%
60419
0.0%
60409
-1.3%

Housing Supply in 60473, IL

How many homes are available in 60473, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
105117+11.4%

Summary: The 60473 real estate market had 117 homes for sale in April 2024, a 11.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 6978
+13.0%
4 2833
+17.9%
5+ 33
0.0%

Summary: The 60473 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 13%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2223+4.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60473, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 60473 in April 2024, up by 4.5% month-over-month. Of the 23 sold homes, 22% were sold under asking, 35% were sold at asking, and 43% were sold over asking.

Days on Market for 60473, IL

How long does it take to sell a home in 60473, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
48 Days37 Days-21.5%

Summary: Homes in 60473 had an average of 37 days on market in Apr 2024, down by 21.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60473 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 23 homes were sold in 60473; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 60473, IL

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