Is 60475, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60475 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60475 was a Seller's Market.

Key Takeaway

60475 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60475, IL

How much do homes in 60475, IL cost?

Median Sold Price

$163,750

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,750(+7.7%)

Key Takeaway

Homes in 60475 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 60475 was $163,750 in April 2024, up 7.7% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $48.7K-
N/A
2 $112K$118.5K
+5.8%
3 $152K$158.8K
+4.5%
4 $161.5K$186.2K
+15.3%
5+ $197.5K$166.2K
-15.8%

Summary: 60475 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 5.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 15.8%.

Median Sold Price Compared To Nearby Zip Codes

60475
+7.7%
60417
+6.2%
60411
+3.2%
60466
-0.3%

Housing Supply in 60475, IL

How many homes are available in 60475, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3739+5.4%

Summary: The 60475 real estate market had 39 homes for sale in April 2024, a 5.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 99
0.0%
3 1719
+11.8%
4 57
+40.0%
5+ 53
-40.0%

Summary: The 60475 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 11.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60475, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 60475 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 60475, IL

How long does it take to sell a home in 60475, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
49 Days106 Days+112.9%

Summary: Homes in 60475 had an average of 106 days on market in Apr 2024, up by 112.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60475 has remained consistent over time.

Summary: During April 2024, 5 homes were sold in 60475; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 5 Days Ago

Newest Listings in 60475, IL

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