Is 60610, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60610 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60610 has remained a Seller's Market.

Key Takeaway

60610 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60610, IL

How much do homes in 60610, IL cost?

Median Sold Price

$399,950

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$3,050(-0.8%)

Key Takeaway

Homes in 60610 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 60610 was $399,950 in April 2024, down 0.8% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $237K$250K
+5.5%
2 $435K$440K
+1.1%
3 $797K$795K
-0.3%
4 $1.0M$1.2M
+17.6%
5+ $2.6M$2.0M
-22.7%

Summary: 60610 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

60614
+11.6%
60642
+7.5%
60610
-0.8%
60654
-1.8%
60611
-5.3%

Housing Supply in 60610, IL

How many homes are available in 60610, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
378425+12.4%

Summary: The 60610 real estate market had 425 homes for sale in April 2024, a 12.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 9099
+10.0%
2 130140
+7.7%
3 99122
+23.2%
4 3537
+5.7%
5+ 2427
+12.5%

Summary: The 60610 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7481+9.5%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60610, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in 60610 in April 2024, up by 9.5% month-over-month. Of the 81 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for 60610, IL

How long does it take to sell a home in 60610, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days46 Days-1.2%

Summary: Homes in 60610 had an average of 46 days on market in Apr 2024, down by 1.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60610 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 81 homes were sold in 60610; 59% of homes were sold within 30 days, 21% 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 3 Days Ago

Newest Listings in 60610, IL

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