Is 60421, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60421 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60421 was a Neutral Market.

Key Takeaway

60421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60421, IL

How much do homes in 60421, IL cost?

Median Sold Price

$305,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,500(+7.2%)

Key Takeaway

Homes in 60421 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 60421 was $305,500 in October 2024, up 7.2% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $243.5K$265K
+8.8%
3 $289.9K$300K
+3.5%
4 $359.9K$373.9K
+3.9%
5+ $325K$429K
+32.0%

Summary: 60421 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 8.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 32%.

Median Sold Price Compared To Nearby Zip Codes

60433
+25.4%
60436
+10.5%
60421
+7.2%
60410
+1.4%
60442
-1.6%

Housing Supply in 60421, IL

How many homes are available in 60421, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1623+43.8%

Summary: The 60421 real estate market had 23 homes for sale in October 2024, a 43.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 79
+28.6%
4 610
+66.7%
5+ 00
0.0%

Summary: The 60421 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 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60421, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 60421 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 60421, IL

How long does it take to sell a home in 60421, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days11 Days-64.8%

Summary: Homes in 60421 had an average of 11 days on market in Oct 2024, down by 64.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60421 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 60421; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 60421, IL

Nearby Markets to 60421, IL