Is 60712, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60712 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60712 has remained a Seller's Market.

Key Takeaway

60712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60712, IL

How much do homes in 60712, IL cost?

Median Sold Price

$550,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$83,115(+17.8%)

Key Takeaway

Homes in 60712 have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in 60712 was $550,000 in April 2024, up 17.8% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$217.5K
N/A
2 $265K$322.5K
+21.7%
3 $405K$481K
+18.8%
4 $565K$677.5K
+19.9%
5+ $860K$1.2M
+40.7%

Summary: 60712 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Zip Codes

60712
+17.8%
60077
+9.6%
60076
+5.4%
60645
+2.0%

Housing Supply in 60712, IL

How many homes are available in 60712, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2335+52.2%

Summary: The 60712 real estate market had 35 homes for sale in April 2024, a 52.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 15
+400.0%
3 1420
+42.9%
4 56
+20.0%
5+ 34
+33.3%

Summary: The 60712 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60712, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 60712 in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 60712, IL

How long does it take to sell a home in 60712, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days25 Days+17.6%

Summary: Homes in 60712 had an average of 25 days on market in Apr 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60712 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 60712; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in 60712, IL

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