Is 60609, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60609 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 60609 was a Seller's Market.

Key Takeaway

60609 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60609, IL

How much do homes in 60609, IL cost?

Median Sold Price

$267,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,650(+11.1%)

Key Takeaway

Homes in 60609 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 60609 was $267,500 in March 2024, up 11.1% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $197.9K$217.6K
+9.9%
2 $232.5K$244K
+4.9%
3 $255K$275K
+7.8%
4 $204K$270K
+32.4%
5+ $270K$275K
+1.9%

Summary: 60609 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

60609
+11.1%
60632
+4.9%
60608
+4.2%
60616
-1.0%
60653
-5.4%

Housing Supply in 60609, IL

How many homes are available in 60609, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
102129+26.5%

Summary: The 60609 real estate market had 129 homes for sale in March 2024, a 26.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 14
+300.0%
2 913
+44.4%
3 3034
+13.3%
4 1423
+64.3%
5+ 4855
+14.6%

Summary: The 60609 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 14.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1610-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60609, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 60609 in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.

Days on Market for 60609, IL

How long does it take to sell a home in 60609, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days44 Days+16.4%

Summary: Homes in 60609 had an average of 44 days on market in Mar 2024, up by 16.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60609 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in 60609; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 25 Days Ago

Newest Listings in 60609, IL

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