Is 60634, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60634 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60634 has remained a Seller's Market.

Key Takeaway

60634 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60634, IL

How much do homes in 60634, IL cost?

Median Sold Price

$355,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,875(+5.0%)

Key Takeaway

Homes in 60634 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 60634 was $355,000 in April 2024, up 5% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $126.5K$133.2K
+5.3%
2 $270K$275K
+1.9%
3 $345K$360K
+4.3%
4 $394K$385K
-2.3%
5+ $463K$466.4K
+0.7%

Summary: 60634 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

60707
+12.9%
60706
+6.3%
60171
+5.6%
60634
+5.0%
60656
+1.0%

Housing Supply in 60634, IL

How many homes are available in 60634, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
161178+10.6%

Summary: The 60634 real estate market had 178 homes for sale in April 2024, a 10.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 31
-66.7%
2 3844
+15.8%
3 5671
+26.8%
4 4746
-2.1%
5+ 1716
-5.9%

Summary: The 60634 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4853+10.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60634, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.

Summary: A total of 53 homes were sold or pending in 60634 in April 2024, up by 10.4% month-over-month. Of the 53 sold homes, 40% were sold under asking, 19% were sold at asking, and 42% were sold over asking.

Days on Market for 60634, IL

How long does it take to sell a home in 60634, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
20 Days23 Days+15.3%

Summary: Homes in 60634 had an average of 23 days on market in Apr 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60634 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 53 homes were sold in 60634; 75% of homes were sold within 30 days, 21% 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 28 Days Ago

Newest Listings in 60634, IL

Nearby Markets to 60634, IL