Is 60411, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60411 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60411 was a Seller's Market.

Key Takeaway

60411 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60411, IL

How much do homes in 60411, IL cost?

Median Sold Price

$178,803

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,803(+2.2%)

Key Takeaway

Homes in 60411 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 60411 was $178,803 in November 2024, up 2.2% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $74.2K$38K
-48.8%
2 $127.2K$129.5K
+1.8%
3 $169.9K$170K
0.0%
4 $210K$230K
+9.5%
5+ $242.5K$224.9K
-7.2%

Summary: 60411 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

60422
+11.7%
60475
+9.7%
60461
+7.5%
60425
+2.7%
60411
+2.2%

Housing Supply in 60411, IL

How many homes are available in 60411, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
212230+8.5%

Summary: The 60411 real estate market had 230 homes for sale in November 2024, a 8.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1420
+42.9%
3 118135
+14.4%
4 4845
-6.3%
5+ 3129
-6.5%

Summary: The 60411 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 6.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3738+2.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60411, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in 60411 in November 2024, up by 2.7% month-over-month. Of the 38 sold homes, 32% were sold under asking, 24% were sold at asking, and 45% were sold over asking.

Days on Market for 60411, IL

How long does it take to sell a home in 60411, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days29 Days+14.5%

Summary: Homes in 60411 had an average of 29 days on market in Nov 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60411 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in 60411; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 60411, IL

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