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 November 2023

Since last year, 60421 has remained a Seller's 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

$306,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+6.6%)

Key Takeaway

Homes in 60421 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 60421 was $306,000 in November 2024, up 6.6% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $244.2K$265K
+8.5%
3 $287K$305K
+6.3%
4 $359.9K$372.4K
+3.5%
5+ $492.5K$429K
-12.9%

Summary: 60421 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Zip Codes

60433
+21.5%
60436
+10.6%
60421
+6.6%
60410
+1.4%
60442
-0.1%

Housing Supply in 60421, IL

How many homes are available in 60421, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1923+21.1%

Summary: The 60421 real estate market had 23 homes for sale in November 2024, a 21.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 610
+66.7%
4 910
+11.1%
5+ 00
0.0%

Summary: The 60421 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 decreased by 25%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 60421 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
22 Days17 Days-23.5%

Summary: Homes in 60421 had an average of 17 days on market in Nov 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 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 November 2024, 6 homes were sold in 60421; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in 60421, IL

Nearby Markets to 60421, IL