Is 60513, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60513 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60513 has remained a Seller's Market.

Key Takeaway

60513 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60513, IL

How much do homes in 60513, IL cost?

Median Sold Price

$349,950

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,950(+11.1%)

Key Takeaway

Homes in 60513 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 60513 was $349,950 in April 2024, up 11.1% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $110K$230K
+109.1%
2 $270K$289.2K
+7.1%
3 $329.5K$340K
+3.2%
4 $371.5K$397.5K
+7.0%
5+ $495K$590K
+19.2%

Summary: 60513 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

60513
+11.1%
60546
+6.9%
60525
+6.9%
60534
+1.6%
60526
-1.8%

Housing Supply in 60513, IL

How many homes are available in 60513, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3551+45.7%

Summary: The 60513 real estate market had 51 homes for sale in April 2024, a 45.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1317
+30.8%
3 1420
+42.9%
4 49
+125.0%
5+ 45
+25.0%

Summary: The 60513 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 30.8%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60513, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 60513 in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.

Days on Market for 60513, IL

How long does it take to sell a home in 60513, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
42 Days23 Days-45.1%

Summary: Homes in 60513 had an average of 23 days on market in Apr 2024, down by 45.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60513 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 14 homes were sold in 60513; 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 7 Days Ago

Newest Listings in 60513, IL

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