Is 60429, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60429 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60429 was a Seller's Market.

Key Takeaway

60429 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60429, IL

How much do homes in 60429, IL cost?

Median Sold Price

$183,750

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,750(+11.4%)

Key Takeaway

Homes in 60429 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 60429 was $183,750 in October 2024, up 11.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $54K$52.7K
-2.3%
2 $99K$134K
+35.4%
3 $158.5K$180K
+13.6%
4 $230K$247.5K
+7.6%
5+ $208.5K$235K
+12.7%

Summary: 60429 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 35.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

60428
+16.4%
60429
+11.4%
60426
+9.4%
60430
+7.0%
60478
+2.9%

Housing Supply in 60429, IL

How many homes are available in 60429, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
88100+13.6%

Summary: The 60429 real estate market had 100 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 56
+20.0%
3 5354
+1.9%
4 1929
+52.6%
5+ 1011
+10.0%

Summary: The 60429 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60429, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 60429 in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for 60429, IL

How long does it take to sell a home in 60429, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days42 Days-10.8%

Summary: Homes in 60429 had an average of 42 days on market in Oct 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60429 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 60429; 46% of homes were sold within 30 days, 46% 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 22 Days Ago

Newest Listings in 60429, IL

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