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 October 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

$225,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+1.8%)

Key Takeaway

Homes in 60432 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 60432 was $225,000 in October 2024, up 1.8% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $62.5K-
N/A
2 $152.5K$179.9K
+18.0%
3 $223K$227.5K
+2.0%
4 $279.5K$352K
+25.9%
5+ $250.5K$202.5K
-19.2%

Summary: 60432 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 18%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

60433
+25.4%
60435
+10.8%
60451
+9.2%
60441
+8.6%
60432
+1.8%

Housing Supply in 60432, IL

How many homes are available in 60432, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4156+36.6%

Summary: The 60432 real estate market had 56 homes for sale in October 2024, a 36.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1117
+54.5%
3 2229
+31.8%
4 56
+20.0%
5+ 34
+33.3%

Summary: The 60432 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 54.5%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

3 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 60432, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 60432 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
19 Days13 Days-34.7%

Summary: Homes in 60432 had an average of 13 days on market in Oct 2024, down by 34.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 10 homes were sold in 60432; 90% of homes were sold within 30 days, 10% 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 13 Days Ago

Newest Listings in 60432, IL

Nearby Markets to 60432, IL