Is 60655, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60655 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60655 has remained a Seller's Market.

Key Takeaway

60655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60655, IL

How much do homes in 60655, IL cost?

Median Sold Price

$280,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,000(+5.7%)

Key Takeaway

Homes in 60655 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 60655 was $280,000 in March 2024, up 5.7% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $89.5K$115.5K
+29.1%
2 $222K$250K
+12.6%
3 $288.4K$295K
+2.3%
4 $360K$310K
-13.9%
5+ $263K$304.5K
+15.8%

Summary: 60655 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 15.8%.

Median Sold Price Compared To Nearby Zip Codes

60655
+5.7%
60803
+5.6%
60805
+5.5%
60453
+4.6%
60643
-2.8%

Housing Supply in 60655, IL

How many homes are available in 60655, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8798+12.6%

Summary: The 60655 real estate market had 98 homes for sale in March 2024, a 12.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1415
+7.1%
3 4552
+15.6%
4 2119
-9.5%
5+ 510
+100.0%

Summary: The 60655 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 7.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60655, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 60655 in March 2024, down by 7.4% month-over-month. Of the 25 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.

Days on Market for 60655, IL

How long does it take to sell a home in 60655, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days22 Days-41.9%

Summary: Homes in 60655 had an average of 22 days on market in Mar 2024, down by 41.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60655 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 25 homes were sold in 60655; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% 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 60655, IL

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