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 November 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

$391,850

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,716(+8.8%)

Key Takeaway

Homes in 60089 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 60089 was $391,850 in November 2024, up 8.8% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $142.5K$149.7K
+5.1%
2 $234K$265K
+13.2%
3 $366K$420K
+14.8%
4 $530K$563.5K
+6.3%
5+ $661.2K$820.5K
+24.1%

Summary: 60089 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 24.1%.

Median Sold Price Compared To Nearby Zip Codes

60015
+13.6%
60089
+8.8%
60069
+6.0%
60004
+5.5%
60090
+4.2%

Housing Supply in 60089, IL

How many homes are available in 60089, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116108-6.9%

Summary: The 60089 real estate market had 108 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 41
-75.0%
2 4245
+7.1%
3 3740
+8.1%
4 2618
-30.8%
5+ 74
-42.9%

Summary: The 60089 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4132-22.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 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. 53.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 60089 in November 2024, down by 22.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 13% were sold at asking, and 34% 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

Nov 2023Nov 2024CHANGE
12 Days24 Days+93.6%

Summary: Homes in 60089 had an average of 24 days on market in Nov 2024, up by 93.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

5 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 November 2024, 32 homes were sold in 60089; 78% of homes were sold within 30 days, 16% 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 17 Days Ago

Newest Listings in 60089, IL

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