Is 60652, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60652 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60652 has remained a Seller's Market.

Key Takeaway

60652 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60652, IL

How much do homes in 60652, IL cost?

Median Sold Price

$259,600

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,280(+5.0%)

Key Takeaway

Homes in 60652 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 60652 was $259,600 in April 2024, up 5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $36K$39.5K
+9.7%
2 $180K$220.5K
+22.5%
3 $255K$269.9K
+5.8%
4 $263K$274.9K
+4.6%
5+ $335K$305.5K
-8.8%

Summary: 60652 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

60620
+8.4%
60636
+6.6%
60652
+5.0%
60629
+3.7%

Housing Supply in 60652, IL

How many homes are available in 60652, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
103107+3.9%

Summary: The 60652 real estate market had 107 homes for sale in April 2024, a 3.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1716
-5.9%
3 5761
+7.0%
4 2322
-4.3%
5+ 56
+20.0%

Summary: The 60652 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60652, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 60652 in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.

Days on Market for 60652, IL

How long does it take to sell a home in 60652, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days38 Days+4.9%

Summary: Homes in 60652 had an average of 38 days on market in Apr 2024, up by 4.9% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60652 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 22 homes were sold in 60652; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% 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 1 Day Ago

Newest Listings in 60652, IL

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