Is 60428, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60428 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60428 has remained a Seller's Market.

Key Takeaway

60428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60428, IL

How much do homes in 60428, IL cost?

Median Sold Price

$163,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,005(+16.4%)

Key Takeaway

Homes in 60428 have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in 60428 was $163,000 in October 2024, up 16.4% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $93.5K$175K
+87.2%
3 $125K$159.4K
+27.6%
4 $172.4K$169.7K
-1.6%
5+ $180.1K$200K
+11.0%

Summary: 60428 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 87.2%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Zip Codes

60428
+16.4%
60452
+12.1%
60429
+11.4%
60426
+9.4%

Housing Supply in 60428, IL

How many homes are available in 60428, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6273+17.7%

Summary: The 60428 real estate market had 73 homes for sale in October 2024, a 17.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 4348
+11.6%
4 1319
+46.2%
5+ 21
-50.0%

Summary: The 60428 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 11.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
718+157.1%

Asking Price vs. Sold Price

8 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 60428, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 60428 in October 2024, up by 157.1% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.

Days on Market for 60428, IL

How long does it take to sell a home in 60428, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days46 Days+69.8%

Summary: Homes in 60428 had an average of 46 days on market in Oct 2024, up by 69.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60428 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 60428; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 60428, IL

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