Is 60619, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60619 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60619 was a Seller's Market.

Key Takeaway

60619 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60619, IL

How much do homes in 60619, IL cost?

Median Sold Price

$187,968

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$12,006(-6.0%)

Key Takeaway

Homes in 60619 have sold for 6% less than they did a year ago.

Summary: The median home sold price in 60619 was $187,968 in April 2024, down 6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $44K$60K
+36.4%
2 $105K$110K
+4.8%
3 $195.4K$170.4K
-12.8%
4 $218K$208K
-4.6%
5+ $275K$289K
+5.1%

Summary: 60619 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

60617
+11.8%
60637
+8.6%
60620
+8.4%
60619
-6.0%
60649
-17.8%

Housing Supply in 60619, IL

How many homes are available in 60619, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
275318+15.6%

Summary: The 60619 real estate market had 318 homes for sale in April 2024, a 15.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 3642
+16.7%
3 91107
+17.6%
4 6578
+20.0%
5+ 8189
+9.9%

Summary: The 60619 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 17.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 9.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4333-23.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60619, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 60619 in April 2024, down by 23.3% month-over-month. Of the 33 sold homes, 61% were sold under asking, 18% were sold at asking, and 21% were sold over asking.

Days on Market for 60619, IL

How long does it take to sell a home in 60619, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days75 Days+43.0%

Summary: Homes in 60619 had an average of 75 days on market in Apr 2024, up by 43% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60619 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 60619; 39% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in 60619, IL

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