Is 60433, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60433 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60433 has remained a Seller's Market.

Key Takeaway

60433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60433, IL

How much do homes in 60433, IL cost?

Median Sold Price

$220,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,500(+25.4%)

Key Takeaway

Homes in 60433 have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in 60433 was $220,000 in October 2024, up 25.4% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.9K-
N/A
2 $139K$180K
+29.5%
3 $179.9K$224.5K
+24.8%
4 $195K$250K
+28.2%
5+ $220K$257.5K
+17.0%

Summary: 60433 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 29.5%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 17%.

Median Sold Price Compared To Nearby Zip Codes

60433
+25.4%
60436
+10.5%
60451
+9.2%
60421
+7.2%
60432
+1.8%

Housing Supply in 60433, IL

How many homes are available in 60433, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4748+2.1%

Summary: The 60433 real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 812
+50.0%
3 1820
+11.1%
4 1810
-44.4%
5+ 23
+50.0%

Summary: The 60433 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60433, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60433 in October 2024, down by 42.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for 60433, IL

How long does it take to sell a home in 60433, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days26 Days+47.0%

Summary: Homes in 60433 had an average of 26 days on market in Oct 2024, up by 47% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60433 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 60433; 64% of homes were sold within 30 days, 36% 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 20 Days Ago

Newest Listings in 60433, IL

Nearby Markets to 60433, IL