Is 60004, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60004 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60004 has remained a Seller's Market.

Key Takeaway

60004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60004, IL

How much do homes in 60004, IL cost?

Median Sold Price

$437,978

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,978(+5.5%)

Key Takeaway

Homes in 60004 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 60004 was $437,978 in November 2024, up 5.5% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $153.5K$158.7K
+3.4%
2 $270K$282.5K
+4.6%
3 $408.8K$425.5K
+4.1%
4 $554.9K$645K
+16.2%
5+ $650.4K$750K
+15.3%

Summary: 60004 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

60089
+8.8%
60004
+5.5%
60090
+4.2%
60074
+3.1%
60070
-2.2%

Housing Supply in 60004, IL

How many homes are available in 60004, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
142133-6.3%

Summary: The 60004 real estate market had 133 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 910
+11.1%
2 3129
-6.5%
3 5551
-7.3%
4 3335
+6.1%
5+ 148
-42.9%

Summary: The 60004 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5146-9.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60004, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 60004 in November 2024, down by 9.8% month-over-month. Of the 46 sold homes, 48% were sold under asking, 9% were sold at asking, and 43% were sold over asking.

Days on Market for 60004, IL

How long does it take to sell a home in 60004, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days17 Days+20.0%

Summary: Homes in 60004 had an average of 17 days on market in Nov 2024, up by 20% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60004 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 46 homes were sold in 60004; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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