Is 60525, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60525 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60525 has remained a Seller's Market.

Key Takeaway

60525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60525, IL

How much do homes in 60525, IL cost?

Median Sold Price

$448,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,000(+6.9%)

Key Takeaway

Homes in 60525 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60525 was $448,000 in April 2024, up 6.9% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $161.2K$160K
-0.8%
2 $222.5K$250K
+12.4%
3 $419K$442K
+5.5%
4 $700K$695K
-0.7%
5+ $917.5K$895K
-2.5%

Summary: 60525 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

60513
+11.1%
60501
+9.2%
60525
+6.9%
60458
+2.5%
60558
-0.8%

Housing Supply in 60525, IL

How many homes are available in 60525, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
109123+12.8%

Summary: The 60525 real estate market had 123 homes for sale in April 2024, a 12.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 67
+16.7%
2 2124
+14.3%
3 3041
+36.7%
4 3731
-16.2%
5+ 1520
+33.3%

Summary: The 60525 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 36.7%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3539+11.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60525, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 60525 in April 2024, up by 11.4% month-over-month. Of the 39 sold homes, 31% were sold under asking, 21% were sold at asking, and 49% were sold over asking.

Days on Market for 60525, IL

How long does it take to sell a home in 60525, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days13 Days-53.1%

Summary: Homes in 60525 had an average of 13 days on market in Apr 2024, down by 53.1% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60525 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 39 homes were sold in 60525; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% 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 60525, IL

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