Is 60436, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60436 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60436 has remained a Seller's Market.

Key Takeaway

60436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60436, IL

How much do homes in 60436, IL cost?

Median Sold Price

$210,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+10.5%)

Key Takeaway

Homes in 60436 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 60436 was $210,000 in October 2024, up 10.5% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $131K$135K
+3.1%
2 $170K$185.5K
+9.1%
3 $198K$230K
+16.2%
4 $235K$251.5K
+7.0%
5+ $221.2K$265.2K
+19.9%

Summary: 60436 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Zip Codes

60433
+25.4%
60435
+10.8%
60436
+10.5%
60421
+7.2%
60432
+1.8%

Housing Supply in 60436, IL

How many homes are available in 60436, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6978+13.0%

Summary: The 60436 real estate market had 78 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 2622
-15.4%
3 2939
+34.5%
4 1010
0.0%
5+ 23
+50.0%

Summary: The 60436 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 34.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2025+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60436, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 60436 in October 2024, up by 25.0% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.

Days on Market for 60436, IL

How long does it take to sell a home in 60436, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days22 Days-11.9%

Summary: Homes in 60436 had an average of 22 days on market in Oct 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60436 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 60436; 76% of homes were sold within 30 days, 24% 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 23 Days Ago

Newest Listings in 60436, IL

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