Is 60525, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60525 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 60525 has remained a Seller's Market.

Key Takeaway

60525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60525, IL

How much do homes in 60525, IL cost?

Median Sold Price

$455,562

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$48,562(+11.9%)

Key Takeaway

Homes in 60525 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 60525 was $455,562 in September 2024, up 11.9% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $155K$167.4K
+8.0%
2 $236K$253K
+7.2%
3 $415K$442K
+6.5%
4 $686K$725.1K
+5.7%
5+ $855.6K$930.5K
+8.8%

Summary: 60525 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

60525
+11.9%
60558
+11.1%
60458
+8.6%
60501
+8.3%
60513
+7.5%

Housing Supply in 60525, IL

How many homes are available in 60525, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
115106-7.8%

Summary: The 60525 real estate market had 106 homes for sale in September 2024, a 7.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 66
0.0%
2 2827
-3.6%
3 3732
-13.5%
4 3227
-15.6%
5+ 1214
+16.7%

Summary: The 60525 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3927-30.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60525, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 60525 in September 2024, down by 30.8% month-over-month. Of the 27 sold homes, 41% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 60525, IL

How long does it take to sell a home in 60525, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days16 Days+8.7%

Summary: Homes in 60525 had an average of 16 days on market in Sep 2024, up by 8.7% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60525 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 27 homes were sold in 60525; 85% of homes were sold within 30 days, 11% 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 30 Days Ago

Newest Listings in 60525, IL

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