Is 60624, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60624 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60624 was a Seller's Market.

Key Takeaway

60624 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60624, IL

How much do homes in 60624, IL cost?

Median Sold Price

$250,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+6.4%)

Key Takeaway

Homes in 60624 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 60624 was $250,000 in April 2024, up 6.4% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $51.5K-
N/A
2 $85K$101.7K
+19.6%
3 $184.5K$203.5K
+10.3%
4 $249.9K$154.5K
-38.2%
5+ $254K$315K
+24.0%

Summary: 60624 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 38.2%, and 5+ bedroom homes increased by 24%.

Median Sold Price Compared To Nearby Zip Codes

60644
+20.1%
60651
+10.4%
60624
+6.4%
60623
+4.6%
60612
+3.1%

Housing Supply in 60624, IL

How many homes are available in 60624, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
101125+23.8%

Summary: The 60624 real estate market had 125 homes for sale in April 2024, a 23.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1720
+17.6%
4 1319
+46.2%
5+ 6480
+25.0%

Summary: The 60624 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 decreased by 16.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60624, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 60624 in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.

Days on Market for 60624, IL

How long does it take to sell a home in 60624, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
59 Days54 Days-9.2%

Summary: Homes in 60624 had an average of 54 days on market in Apr 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60624 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 17 homes were sold in 60624; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% 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 9 Days Ago

Newest Listings in 60624, IL

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