Is 60601, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60601 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60601 has remained a Seller's Market.

Key Takeaway

60601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60601, IL

How much do homes in 60601, IL cost?

Median Sold Price

$487,500

$460/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,500(+1.6%)

Key Takeaway

Homes in 60601 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 60601 was $487,500 in April 2024, up 1.6% from last year, and the median price per square foot was $460.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $315K$365K
+15.9%
2 $570K$564.7K
-0.9%
3 $1.1M$1.1M
-3.0%
4 $3.1M$2.8M
-9.6%
5+ -$2.4M
N/A

Summary: 60601 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60603
+4.5%
60601
+1.6%
60654
-1.8%
60606
-2.6%
60611
-5.3%

Housing Supply in 60601, IL

How many homes are available in 60601, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
119154+29.4%

Summary: The 60601 real estate market had 154 homes for sale in April 2024, a 29.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 4462
+40.9%
2 4963
+28.6%
3 2224
+9.1%
4 34
+33.3%
5+ 11
0.0%

Summary: The 60601 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40.9%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1628+75.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60601, you may be able to get a good deal. 96.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60601 in April 2024, up by 75.0% month-over-month. Of the 28 sold homes, 96% were sold under asking, 0% were sold at asking, and 4% were sold over asking.

Days on Market for 60601, IL

How long does it take to sell a home in 60601, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
59 Days71 Days+19.1%

Summary: Homes in 60601 had an average of 71 days on market in Apr 2024, up by 19.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60601 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 28 homes were sold in 60601; 54% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in 60601, IL

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