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 November 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

$257,958

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,083(+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 $257,958 in November 2024, up 10.8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75.2K$100.5K
+33.6%
2 $193K$220K
+14.0%
3 $240K$262.1K
+9.2%
4 $290K$305K
+5.2%
5+ $310K$315K
+1.6%

Summary: 60435 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

60403
+12.0%
60435
+10.8%
60436
+10.6%
60441
+6.8%
60431
+3.2%

Housing Supply in 60435, IL

How many homes are available in 60435, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
155137-11.6%

Summary: The 60435 real estate market had 137 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 4239
-7.1%
3 7969
-12.7%
4 2722
-18.5%
5+ 56
+20.0%

Summary: The 60435 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5744-22.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60435, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 60435 in November 2024, down by 22.8% month-over-month. Of the 44 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% 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

Nov 2023Nov 2024CHANGE
24 Days20 Days-17.4%

Summary: Homes in 60435 had an average of 20 days on market in Nov 2024, down by 17.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 44 homes were sold in 60435; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% 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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