Is 60622, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60622 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60622 has remained a Seller's Market.

Key Takeaway

60622 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60622, IL

How much do homes in 60622, IL cost?

Median Sold Price

$620,000

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,554(+6.1%)

Key Takeaway

Homes in 60622 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 60622 was $620,000 in April 2024, up 6.1% from last year, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $275K$279.9K
+1.8%
2 $439.8K$485K
+10.3%
3 $645K$675K
+4.7%
4 $970K$978K
+0.8%
5+ $902.5K$950K
+5.3%

Summary: 60622 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

60614
+11.6%
60642
+7.5%
60647
+6.8%
60622
+6.1%
60612
+3.1%

Housing Supply in 60622, IL

How many homes are available in 60622, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
289315+9.0%

Summary: The 60622 real estate market had 315 homes for sale in April 2024, a 9.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 77
0.0%
2 94105
+11.7%
3 104101
-2.9%
4 2434
+41.7%
5+ 6068
+13.3%

Summary: The 60622 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 11.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8694+9.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60622, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 94 homes were sold or pending in 60622 in April 2024, up by 9.3% month-over-month. Of the 94 sold homes, 38% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for 60622, IL

How long does it take to sell a home in 60622, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days22 Days-24.8%

Summary: Homes in 60622 had an average of 22 days on market in Apr 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60622 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 94 homes were sold in 60622; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% 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 60622, IL

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