Is 60419, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60419 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60419 was a Seller's Market.

Key Takeaway

60419 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 60419, IL

How much do homes in 60419, IL cost?

Median Sold Price

$155,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,300(+3.5%)

Key Takeaway

Homes in 60419 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 60419 was $155,000 in October 2024, up 3.5% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $84.5K$116.5K
+37.9%
3 $150K$155K
+3.3%
4 $149.9K$202K
+34.7%
5+ $264.9K$198.5K
-25.1%

Summary: 60419 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes decreased by 25.1%.

Median Sold Price Compared To Nearby Zip Codes

60827
+11.7%
60473
+4.6%
60409
+4.1%
60419
+3.5%

Housing Supply in 60419, IL

How many homes are available in 60419, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108127+17.6%

Summary: The 60419 real estate market had 127 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 7179
+11.3%
4 2127
+28.6%
5+ 46
+50.0%

Summary: The 60419 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 25%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60419, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 60419 in October 2024, up by 50.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.

Days on Market for 60419, IL

How long does it take to sell a home in 60419, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days23 Days-59.1%

Summary: Homes in 60419 had an average of 23 days on market in Oct 2024, down by 59.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60419 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 60419; 76% of homes were sold within 30 days, 19% 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 14 Days Ago

Newest Listings in 60419, IL

Nearby Markets to 60419, IL