Is 60714, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60714 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60714 has remained a Seller's Market.

Key Takeaway

60714 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60714, IL

How much do homes in 60714, IL cost?

Median Sold Price

$350,583

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,583(+7.9%)

Key Takeaway

Homes in 60714 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 60714 was $350,583 in April 2024, up 7.9% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K$162.2K
+15.9%
2 $252.5K$287.4K
+13.8%
3 $367.5K$376K
+2.3%
4 $455.5K$463.5K
+1.8%
5+ $565.1K$580K
+2.6%

Summary: 60714 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

60714
+7.9%
60025
+5.8%
60068
+5.6%
60053
+4.0%
60631
+3.9%

Housing Supply in 60714, IL

How many homes are available in 60714, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6375+19.0%

Summary: The 60714 real estate market had 75 homes for sale in April 2024, a 19.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 55
0.0%
2 1422
+57.1%
3 2732
+18.5%
4 1411
-21.4%
5+ 35
+66.7%

Summary: The 60714 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 57.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2820-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60714, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 60714 in April 2024, down by 28.6% month-over-month. Of the 20 sold homes, 25% were sold under asking, 15% were sold at asking, and 60% were sold over asking.

Days on Market for 60714, IL

How long does it take to sell a home in 60714, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
15 Days12 Days-21.6%

Summary: Homes in 60714 had an average of 12 days on market in Apr 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

17 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 60714 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 20 homes were sold in 60714; 85% of homes were sold within 30 days, 15% 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 9 Days Ago

Newest Listings in 60714, IL

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