Is 60435, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60435 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60435 has remained a Seller's Market.

Key Takeaway

60435 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60435, IL

How much do homes in 60435, IL cost?

Median Sold Price

$254,933

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,933(+10.8%)

Key Takeaway

Homes in 60435 have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in 60435 was $254,933 in October 2024, up 10.8% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$100.5K
+34.0%
2 $189.9K$220K
+15.8%
3 $240K$260K
+8.3%
4 $287.5K$300K
+4.3%
5+ $296.5K$315K
+6.2%

Summary: 60435 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

60435
+10.8%
60436
+10.5%
60403
+10.0%
60441
+8.6%
60431
+5.9%

Housing Supply in 60435, IL

How many homes are available in 60435, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
142163+14.8%

Summary: The 60435 real estate market had 163 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 4143
+4.9%
3 6782
+22.4%
4 2628
+7.7%
5+ 58
+60.0%

Summary: The 60435 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3952+33.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60435, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in 60435 in October 2024, up by 33.3% month-over-month. Of the 52 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.

Days on Market for 60435, IL

How long does it take to sell a home in 60435, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days16 Days+4.5%

Summary: Homes in 60435 had an average of 16 days on market in Oct 2024, up by 4.5% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60435 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in 60435; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% 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 21 Days Ago

Newest Listings in 60435, IL

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