Is 60089, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60089 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60089 has remained a Seller's Market.

Key Takeaway

60089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60089, IL

How much do homes in 60089, IL cost?

Median Sold Price

$400,432

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,575(+11.9%)

Key Takeaway

Homes in 60089 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 60089 was $400,432 in October 2024, up 11.9% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $142.5K$149.7K
+5.1%
2 $237.5K$265K
+11.6%
3 $365K$419.9K
+15.1%
4 $530K$561.1K
+5.9%
5+ $650.6K$810K
+24.5%

Summary: 60089 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 24.5%.

Median Sold Price Compared To Nearby Zip Codes

60089
+11.9%
60015
+10.4%
60004
+7.5%
60069
+7.0%
60090
+3.2%

Housing Supply in 60089, IL

How many homes are available in 60089, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121128+5.8%

Summary: The 60089 real estate market had 128 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 3647
+30.6%
3 4238
-9.5%
4 3132
+3.2%
5+ 77
0.0%

Summary: The 60089 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 30.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4636-21.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60089, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 60089 in October 2024, down by 21.7% month-over-month. Of the 36 sold homes, 61% were sold under asking, 6% were sold at asking, and 33% were sold over asking.

Days on Market for 60089, IL

How long does it take to sell a home in 60089, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days23 Days+38.5%

Summary: Homes in 60089 had an average of 23 days on market in Oct 2024, up by 38.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60089 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 60089; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

Newest Listings in 60089, IL

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