Is 60420, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60420 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60420 has remained a Seller's Market.

Key Takeaway

60420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60420, IL

How much do homes in 60420, IL cost?

Median Sold Price

$160,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,050(+8.1%)

Key Takeaway

Homes in 60420 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 60420 was $160,000 in October 2024, up 8.1% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$107.9K
-28.1%
2 $128.7K$134.9K
+4.8%
3 $154.2K$169.5K
+9.9%
4 $204K$169.7K
-16.8%
5+ $50K$185K
+270.0%

Summary: 60420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 270%.

Housing Supply in 60420, IL

How many homes are available in 60420, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1822+22.2%

Summary: The 60420 real estate market had 22 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1013
+30.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The 60420 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 40%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60420, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 60420 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 60420, IL

How long does it take to sell a home in 60420, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days42 Days-46.0%

Summary: Homes in 60420 had an average of 42 days on market in Oct 2024, down by 46% compared to last year.

Breakdown of Home Sale Times

3 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 60420 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 60420; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 60420, IL

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