Is 60552, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60552 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60552 has remained a Seller's Market.

Key Takeaway

60552 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60552, IL

How much do homes in 60552, IL cost?

Median Sold Price

$272,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,500(+15.0%)

Key Takeaway

Homes in 60552 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 60552 was $272,500 in April 2024, up 15% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $119.9K$200K
+66.8%
2 $193.9K$210K
+8.3%
3 $252K$290K
+15.1%
4 $255K$290K
+13.7%
5+ $272.5K$615K
+125.7%

Summary: 60552 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 125.7%.

Median Sold Price Compared To Nearby Zip Codes

60556
+17.6%
60520
+17.1%
60552
+15.0%
60548
+11.2%

Housing Supply in 60552, IL

How many homes are available in 60552, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1925+31.6%

Summary: The 60552 real estate market had 25 homes for sale in April 2024, a 31.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1011
+10.0%
4 711
+57.1%
5+ 22
0.0%

Summary: The 60552 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 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60552, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 60552 in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 60552, IL

How long does it take to sell a home in 60552, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days55 Days+41.9%

Summary: Homes in 60552 had an average of 55 days on market in Apr 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60552 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 60552; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% 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 1 Day Ago

Newest Listings in 60552, IL

Nearby Markets to 60552, IL