Is 60655, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60655 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60655 has remained a Seller's Market.

Key Takeaway

60655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60655, IL

How much do homes in 60655, IL cost?

Median Sold Price

$285,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,666(+7.0%)

Key Takeaway

Homes in 60655 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 60655 was $285,000 in April 2024, up 7% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $89.5K$115.5K
+29.1%
2 $221K$260K
+17.6%
3 $291K$296.5K
+1.9%
4 $361.5K$330K
-8.7%
5+ $267K$279K
+4.5%

Summary: 60655 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

60803
+7.3%
60655
+7.0%
60805
+5.3%
60453
+3.8%
60643
-0.2%

Housing Supply in 60655, IL

How many homes are available in 60655, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93100+7.5%

Summary: The 60655 real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 20
-100.0%
2 1515
0.0%
3 4853
+10.4%
4 1921
+10.5%
5+ 911
+22.2%

Summary: The 60655 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60655, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 60655 in April 2024, up by 16.0% month-over-month. Of the 29 sold homes, 41% were sold under asking, 21% were sold at asking, and 38% were sold over asking.

Days on Market for 60655, IL

How long does it take to sell a home in 60655, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
48 Days36 Days-24.3%

Summary: Homes in 60655 had an average of 36 days on market in Apr 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60655 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 29 homes were sold in 60655; 72% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 17% 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 60655, IL

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