Is 60477, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60477 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60477 has remained a Seller's Market.

Key Takeaway

60477 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60477, IL

How much do homes in 60477, IL cost?

Median Sold Price

$265,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,473(+9.3%)

Key Takeaway

Homes in 60477 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 60477 was $265,000 in April 2024, up 9.3% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $108.4K$170K
+56.8%
2 $205.1K$220K
+7.2%
3 $280K$305.5K
+9.1%
4 $362K$355K
-1.9%
5+ $415K$502.5K
+21.1%

Summary: 60477 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Zip Codes

60462
+14.4%
60477
+9.3%
60487
+4.7%
60452
+1.9%
60478
-2.6%

Housing Supply in 60477, IL

How many homes are available in 60477, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
127136+7.1%

Summary: The 60477 real estate market had 136 homes for sale in April 2024, a 7.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 6266
+6.5%
3 4346
+7.0%
4 2020
0.0%
5+ 13
+200.0%

Summary: The 60477 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 increased by 6.5%, 3 bedroom homes increased by 7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5343-18.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60477, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in 60477 in April 2024, down by 18.9% month-over-month. Of the 43 sold homes, 37% were sold under asking, 12% were sold at asking, and 51% were sold over asking.

Days on Market for 60477, IL

How long does it take to sell a home in 60477, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
23 Days20 Days-15.1%

Summary: Homes in 60477 had an average of 20 days on market in Apr 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

37 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 60477 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 43 homes were sold in 60477; 86% of homes were sold within 30 days, 7% 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 9 Days Ago

Newest Listings in 60477, IL

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