Is 60630, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60630 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60630 has remained a Seller's Market.

Key Takeaway

60630 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60630, IL

How much do homes in 60630, IL cost?

Median Sold Price

$395,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,273(+2.9%)

Key Takeaway

Homes in 60630 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 60630 was $395,000 in April 2024, up 2.9% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K$145K
+3.6%
2 $258.5K$285K
+10.3%
3 $390K$405K
+3.8%
4 $429.2K$468.5K
+9.1%
5+ $520K$557.5K
+7.2%

Summary: 60630 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

60659
+19.3%
60646
+8.9%
60625
+6.1%
60641
+5.0%
60630
+2.9%

Housing Supply in 60630, IL

How many homes are available in 60630, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
122138+13.1%

Summary: The 60630 real estate market had 138 homes for sale in April 2024, a 13.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 67
+16.7%
2 2124
+14.3%
3 4652
+13.0%
4 2734
+25.9%
5+ 2221
-4.5%

Summary: The 60630 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3437+8.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60630, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in 60630 in April 2024, up by 8.8% month-over-month. Of the 37 sold homes, 35% were sold under asking, 8% were sold at asking, and 57% were sold over asking.

Days on Market for 60630, IL

How long does it take to sell a home in 60630, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days17 Days-48.9%

Summary: Homes in 60630 had an average of 17 days on market in Apr 2024, down by 48.9% compared to last year.

Breakdown of Home Sale Times

32 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 60630 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 37 homes were sold in 60630; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% 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 5 Days Ago

Newest Listings in 60630, IL

Nearby Markets to 60630, IL