Is 60615, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60615 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60615 was a Seller's Market.

Key Takeaway

60615 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60615, IL

How much do homes in 60615, IL cost?

Median Sold Price

$247,187

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,145(-1.6%)

Key Takeaway

Homes in 60615 have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in 60615 was $247,187 in April 2024, down 1.6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $128K$125K
-2.3%
2 $180.5K$197.5K
+9.4%
3 $295K$275K
-6.8%
4 $535K$430K
-19.6%
5+ $760.7K$687K
-9.7%

Summary: 60615 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

60637
+8.6%
60609
+6.0%
60653
0.0%
60615
-1.6%

Housing Supply in 60615, IL

How many homes are available in 60615, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
141169+19.9%

Summary: The 60615 real estate market had 169 homes for sale in April 2024, a 19.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1719
+11.8%
2 4150
+22.0%
3 4457
+29.5%
4 2023
+15.0%
5+ 1920
+5.3%

Summary: The 60615 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60615, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60615 in April 2024, up by 16.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.

Days on Market for 60615, IL

How long does it take to sell a home in 60615, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
60 Days48 Days-20.3%

Summary: Homes in 60615 had an average of 48 days on market in Apr 2024, down by 20.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60615 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 28 homes were sold in 60615; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% 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 60615, IL

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