Is 60432, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60432 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60432 has remained a Seller's Market.

Key Takeaway

60432 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60432, IL

How much do homes in 60432, IL cost?

Median Sold Price

$230,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,000(+4.5%)

Key Takeaway

Homes in 60432 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 60432 was $230,000 in December 2024, up 4.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $62.5K-
N/A
2 $150K$177.2K
+18.1%
3 $222K$231K
+4.1%
4 $289K$352K
+21.8%
5+ $237.7K$190K
-20.1%

Summary: 60432 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 20.1%.

Median Sold Price Compared To Nearby Zip Codes

60433
+20.9%
60435
+8.7%
60441
+7.3%
60451
+4.8%
60432
+4.5%

Housing Supply in 60432, IL

How many homes are available in 60432, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5135-31.4%

Summary: The 60432 real estate market had 35 homes for sale in December 2024, a 31.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1913
-31.6%
3 2311
-52.2%
4 77
0.0%
5+ 13
+200.0%

Summary: The 60432 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.6%, 3 bedroom homes decreased by 52.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
236-73.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60432, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 60432 in December 2024, down by 73.9% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 60432, IL

How long does it take to sell a home in 60432, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
22 Days34 Days+50.4%

Summary: Homes in 60432 had an average of 34 days on market in Dec 2024, up by 50.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60432 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 60432; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 60432, IL

Nearby Markets to 60432, IL