Is 60633, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60633 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 60633 was a Seller's Market.

Key Takeaway

60633 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60633, IL

How much do homes in 60633, IL cost?

Median Sold Price

$187,450

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,450(+7.1%)

Key Takeaway

Homes in 60633 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 60633 was $187,450 in March 2024, up 7.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $125K$107.5K
-14.0%
3 $195K$200K
+2.6%
4 $185K$190K
+2.7%
5+ $161.9K$190K
+17.3%

Summary: 60633 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Zip Codes

60633
+7.1%
60827
+5.7%
60409
-6.0%

Housing Supply in 60633, IL

How many homes are available in 60633, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2928-3.4%

Summary: The 60633 real estate market had 28 homes for sale in March 2024, a 3.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1614
-12.5%
4 45
+25.0%
5+ 54
-20.0%

Summary: The 60633 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60633, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 60633 in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 60633, IL

How long does it take to sell a home in 60633, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days167 Days+301.6%

Summary: Homes in 60633 had an average of 167 days on market in Mar 2024, up by 301.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 60633 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 3 homes were sold in 60633; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 27 Days Ago

Newest Listings in 60633, IL

Nearby Markets to 60633, IL