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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60411 is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

60411 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60411, IL

How much do homes in 60411, IL cost?

Median Sold Price

$175,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40(0.0%)

Key Takeaway

The sold price of homes in 60411 has remained the same since last year.

Summary: The median home sold price in 60411 was $175,000 in October 2024, the same as last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $74.2K$38K
-48.8%
2 $127K$124.5K
-2.0%
3 $169.7K$167.3K
-1.4%
4 $210K$235.5K
+12.1%
5+ $245K$235K
-4.1%

Summary: 60411 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

60422
+15.7%
60461
+9.8%
60475
+9.6%
60425
+6.8%
60411
0.0%

Housing Supply in 60411, IL

How many homes are available in 60411, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
205231+12.7%

Summary: The 60411 real estate market had 231 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1016
+60.0%
3 113129
+14.2%
4 5354
+1.9%
5+ 2831
+10.7%

Summary: The 60411 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4031-22.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 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. 45.2% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 60411 in October 2024, down by 22.5% month-over-month. Of the 31 sold homes, 26% were sold under asking, 29% 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

Oct 2023Oct 2024CHANGE
43 Days28 Days-32.9%

Summary: Homes in 60411 had an average of 28 days on market in Oct 2024, down by 32.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 31 homes were sold in 60411; 65% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 3% 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 60411, IL

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