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 December 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

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+7.7%)

Key Takeaway

Homes in 60436 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 60436 was $210,000 in December 2024, up 7.7% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $131K$135K
+3.1%
2 $177.9K$185K
+4.0%
3 $200K$231.2K
+15.6%
4 $235K$250K
+6.4%
5+ $232.5K$280.5K
+20.6%

Summary: 60436 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Zip Codes

60433
+20.9%
60435
+8.7%
60436
+7.7%
60421
+6.2%
60432
+4.5%

Housing Supply in 60436, IL

How many homes are available in 60436, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6451-20.3%

Summary: The 60436 real estate market had 51 homes for sale in December 2024, a 20.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 20
-100.0%
2 1614
-12.5%
3 3320
-39.4%
4 913
+44.4%
5+ 44
0.0%

Summary: The 60436 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 39.4%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2012-40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60436, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 60436 in December 2024, down by 40.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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

Dec 2023Dec 2024CHANGE
25 Days25 Days0.3%

Summary: Homes in 60436 had an average of 25 days on market in Dec 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 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 December 2024, 12 homes were sold in 60436; 58% of homes were sold within 30 days, 42% 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 2 Days Ago

Newest Listings in 60436, IL

Nearby Markets to 60436, IL