Is 60805, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60805 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60805 has remained a Seller's Market.

Key Takeaway

60805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60805, IL

How much do homes in 60805, IL cost?

Median Sold Price

$270,666

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,666(+5.3%)

Key Takeaway

Homes in 60805 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 60805 was $270,666 in April 2024, up 5.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $109.6K-
N/A
2 $225K$230K
+2.2%
3 $260K$265K
+1.9%
4 $297K$301K
+1.3%
5+ $469.7K$390K
-17.0%

Summary: 60805 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 2.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 17%.

Median Sold Price Compared To Nearby Zip Codes

60620
+8.4%
60655
+7.0%
60805
+5.3%
60652
+5.0%
60643
-0.2%

Housing Supply in 60805, IL

How many homes are available in 60805, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7187+22.5%

Summary: The 60805 real estate market had 87 homes for sale in April 2024, a 22.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1518
+20.0%
3 4050
+25.0%
4 1012
+20.0%
5+ 67
+16.7%

Summary: The 60805 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 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1226+116.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60805, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 60805 in April 2024, up by 116.7% month-over-month. Of the 26 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for 60805, IL

How long does it take to sell a home in 60805, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days22 Days-29.0%

Summary: Homes in 60805 had an average of 22 days on market in Apr 2024, down by 29% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60805 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 26 homes were sold in 60805; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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 60805, IL

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