Is 60440, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60440 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60440 has remained a Seller's Market.

Key Takeaway

60440 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60440, IL

How much do homes in 60440, IL cost?

Median Sold Price

$311,283

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,283(+7.3%)

Key Takeaway

Homes in 60440 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 60440 was $311,283 in October 2024, up 7.3% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $117.5K$77.5K
-34.0%
2 $220K$246.5K
+12.0%
3 $278.3K$292.9K
+5.3%
4 $330K$360K
+9.1%
5+ $329.9K$378.7K
+14.8%

Summary: 60440 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

60439
+12.5%
60565
+11.1%
60490
+10.6%
60440
+7.3%
60517
+5.7%

Housing Supply in 60440, IL

How many homes are available in 60440, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138131-5.1%

Summary: The 60440 real estate market had 131 homes for sale in October 2024, a 5.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1721
+23.5%
3 6157
-6.6%
4 5047
-6.0%
5+ 85
-37.5%

Summary: The 60440 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42420.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60440, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 60440 in October 2024, the same as the previous month. Of the 42 sold homes, 40% were sold under asking, 21% were sold at asking, and 38% were sold over asking.

Days on Market for 60440, IL

How long does it take to sell a home in 60440, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days23 Days+9.0%

Summary: Homes in 60440 had an average of 23 days on market in Oct 2024, up by 9% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60440 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 60440; 83% of homes were sold within 30 days, 12% 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 60440, IL

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