Is 60544, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60544 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60544 has remained a Seller's Market.

Key Takeaway

60544 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60544, IL

How much do homes in 60544, IL cost?

Median Sold Price

$319,925

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,962(+6.7%)

Key Takeaway

Homes in 60544 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 60544 was $319,925 in April 2024, up 6.7% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $149K$249.5K
+67.4%
2 $250K$283.5K
+13.4%
3 $304K$320K
+5.3%
4 $421.7K$465K
+10.3%
5+ $514.6K$565K
+9.8%

Summary: 60544 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

60586
+9.8%
60446
+9.8%
60490
+7.1%
60544
+6.7%
60585
-2.7%

Housing Supply in 60544, IL

How many homes are available in 60544, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
92107+16.3%

Summary: The 60544 real estate market had 107 homes for sale in April 2024, a 16.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2731
+14.8%
3 2830
+7.1%
4 2941
+41.4%
5+ 74
-42.9%

Summary: The 60544 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 14.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2033+65.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60544, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60544 in April 2024, up by 65.0% month-over-month. Of the 33 sold homes, 27% were sold under asking, 30% were sold at asking, and 42% were sold over asking.

Days on Market for 60544, IL

How long does it take to sell a home in 60544, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days22 Days+26.1%

Summary: Homes in 60544 had an average of 22 days on market in Apr 2024, up by 26.1% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60544 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 60544; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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 60544, IL

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