Is 60304, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60304 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60304 was a Seller's Market.

Key Takeaway

60304 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60304, IL

How much do homes in 60304, IL cost?

Median Sold Price

$462,000

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,000(+8.7%)

Key Takeaway

Homes in 60304 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 60304 was $462,000 in October 2024, up 8.7% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $133.5K$135K
+1.1%
2 $215.7K$299K
+38.6%
3 $430K$479.5K
+11.5%
4 $557K$550K
-1.3%
5+ $501K$770K
+53.7%

Summary: 60304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 53.7%.

Median Sold Price Compared To Nearby Zip Codes

60302
+22.9%
60304
+8.7%
60402
+8.6%
60644
+8.0%

Housing Supply in 60304, IL

How many homes are available in 60304, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4249+16.7%

Summary: The 60304 real estate market had 49 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 1110
-9.1%
3 1516
+6.7%
4 912
+33.3%
5+ 46
+50.0%

Summary: The 60304 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60304, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 60304 in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for 60304, IL

How long does it take to sell a home in 60304, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days23 Days-36.6%

Summary: Homes in 60304 had an average of 23 days on market in Oct 2024, down by 36.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60304 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 60304; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 60304, IL

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