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 21 Days Ago

Newest Listings in 60084, IL

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