Is 60426, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60426 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60426 was a Seller's Market.

Key Takeaway

60426 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60426, IL

How much do homes in 60426, IL cost?

Median Sold Price

$131,267

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,267(+9.4%)

Key Takeaway

Homes in 60426 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 60426 was $131,267 in October 2024, up 9.4% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $65.4K$93.5K
+42.9%
3 $126.5K$130.5K
+3.2%
4 $133K$118K
-11.3%
5+ $125K$193.7K
+55.0%

Summary: 60426 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 42.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 55%.

Median Sold Price Compared To Nearby Zip Codes

60428
+16.4%
60426
+9.4%
60473
+4.6%
60419
+3.5%

Housing Supply in 60426, IL

How many homes are available in 60426, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115138+20.0%

Summary: The 60426 real estate market had 138 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1214
+16.7%
3 6783
+23.9%
4 2226
+18.2%
5+ 1415
+7.1%

Summary: The 60426 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 16.7%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60426, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 60426 in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for 60426, IL

How long does it take to sell a home in 60426, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days30 Days-40.3%

Summary: Homes in 60426 had an average of 30 days on market in Oct 2024, down by 40.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60426 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 60426; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 60426, IL

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