Is 60950, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60950 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60950 was a Seller's Market.

Key Takeaway

60950 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60950, IL

How much do homes in 60950, IL cost?

Median Sold Price

$279,950

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$8,050(-2.8%)

Key Takeaway

Homes in 60950 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 60950 was $279,950 in April 2024, down 2.8% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $210K$188.7K
-10.1%
3 $286.9K$280K
-2.4%
4 $305K$351.2K
+15.1%
5+ $395K$419K
+6.1%

Summary: 60950 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 decreased by 10.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

60901
+14.8%
60442
+12.1%
60914
+8.6%
60468
+5.0%
60950
-2.8%

Housing Supply in 60950, IL

How many homes are available in 60950, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3848+26.3%

Summary: The 60950 real estate market had 48 homes for sale in April 2024, a 26.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1623
+43.8%
4 1417
+21.4%
5+ 21
-50.0%

Summary: The 60950 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 16.7%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60950, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 60950 in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.

Days on Market for 60950, IL

How long does it take to sell a home in 60950, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days40 Days-14.7%

Summary: Homes in 60950 had an average of 40 days on market in Apr 2024, down by 14.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60950 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 60950; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 6 Days Ago

Newest Listings in 60950, IL

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