Is 60084, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60084 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60084 has remained a Seller's Market.

Key Takeaway

60084 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60084, IL

How much do homes in 60084, IL cost?

Median Sold Price

$316,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+4.5%)

Key Takeaway

Homes in 60084 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 60084 was $316,500 in October 2024, up 4.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137K$150K
+9.5%
2 $201K$214K
+6.5%
3 $297.4K$315K
+5.9%
4 $402.5K$415K
+3.1%
5+ $470K$585K
+24.5%

Summary: 60084 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 24.5%.

Median Sold Price Compared To Nearby Zip Codes

60073
+8.6%
60042
+5.4%
60084
+4.5%
60047
+3.9%
60060
-3.6%

Housing Supply in 60084, IL

How many homes are available in 60084, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7775-2.6%

Summary: The 60084 real estate market had 75 homes for sale in October 2024, a 2.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1615
-6.3%
3 3633
-8.3%
4 2225
+13.6%
5+ 31
-66.7%

Summary: The 60084 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60084, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 60084 in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.

Days on Market for 60084, IL

How long does it take to sell a home in 60084, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days11 Days+85.7%

Summary: Homes in 60084 had an average of 11 days on market in Oct 2024, up by 85.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60084 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 60084; 89% of homes were sold within 30 days, 11% 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 5 Days Ago

Newest Listings in 60084, IL

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