Is 60634, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60634 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60634 has remained a Seller's Market.

Key Takeaway

60634 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60634, IL

How much do homes in 60634, IL cost?

Median Sold Price

$352,887

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,512(+3.4%)

Key Takeaway

Homes in 60634 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 60634 was $352,887 in March 2024, up 3.4% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127K$131.5K
+3.5%
2 $270K$275.5K
+2.0%
3 $348K$355.3K
+2.1%
4 $393.5K$385K
-2.2%
5+ $469K$464.9K
-0.9%

Summary: 60634 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

60707
+11.6%
60706
+7.4%
60171
+5.0%
60634
+3.4%
60656
-4.0%

Housing Supply in 60634, IL

How many homes are available in 60634, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
137167+21.9%

Summary: The 60634 real estate market had 167 homes for sale in March 2024, a 21.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 3441
+20.6%
3 3859
+55.3%
4 4348
+11.6%
5+ 1916
-15.8%

Summary: The 60634 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 20.6%, 3 bedroom homes increased by 55.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3246+43.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60634, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 60634 in March 2024, up by 43.8% month-over-month. Of the 46 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.

Days on Market for 60634, IL

How long does it take to sell a home in 60634, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days28 Days-16.5%

Summary: Homes in 60634 had an average of 28 days on market in Mar 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60634 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 46 homes were sold in 60634; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% 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 26 Days Ago

Newest Listings in 60634, IL

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