Is 60654, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60654 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 60654 was a Seller's Market.

Key Takeaway

60654 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60654, IL

How much do homes in 60654, IL cost?

Median Sold Price

$428,333

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$11,722(-2.7%)

Key Takeaway

Homes in 60654 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 60654 was $428,333 in March 2024, down 2.7% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $306.5K$309K
+0.8%
2 $475.3K$465K
-2.2%
3 $915K$997.5K
+9.0%
4 $1.6M$1.4M
-13.4%
5+ $1.5M$1.6M
+9.3%

Summary: 60654 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

60601
+1.0%
60611
-0.2%
60654
-2.7%
60606
-5.3%
60610
-7.8%

Housing Supply in 60654, IL

How many homes are available in 60654, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
197267+35.5%

Summary: The 60654 real estate market had 267 homes for sale in March 2024, a 35.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 5165
+27.5%
2 95130
+36.8%
3 3756
+51.4%
4 1013
+30.0%
5+ 43
-25.0%

Summary: The 60654 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3035+16.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60654, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 60654 in March 2024, up by 16.7% month-over-month. Of the 35 sold homes, 54% were sold under asking, 6% were sold at asking, and 40% were sold over asking.

Days on Market for 60654, IL

How long does it take to sell a home in 60654, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days38 Days-9.0%

Summary: Homes in 60654 had an average of 38 days on market in Mar 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60654 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in 60654; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 23 Days Ago

Newest Listings in 60654, IL

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