Is 60442, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60442 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60442 has remained a Seller's Market.

Key Takeaway

60442 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60442, IL

How much do homes in 60442, IL cost?

Median Sold Price

$378,995

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$505(-0.1%)

Key Takeaway

The sold price of homes in 60442 has remained the same since last year.

Summary: The median home sold price in 60442 was $378,995 in November 2024, down 0.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K-
N/A
2 $239.9K$271K
+13.0%
3 $305K$302.4K
-0.8%
4 $430K$435.4K
+1.3%
5+ $550K$557.4K
+1.4%

Summary: 60442 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

60433
+21.5%
60468
+8.7%
60451
+7.2%
60421
+6.6%
60442
-0.1%

Housing Supply in 60442, IL

How many homes are available in 60442, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
71710.0%

Summary: The 60442 real estate market had 71 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 2426
+8.3%
4 3533
-5.7%
5+ 32
-33.3%

Summary: The 60442 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60442, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 60442 in November 2024, up by 38.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for 60442, IL

How long does it take to sell a home in 60442, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days29 Days+47.2%

Summary: Homes in 60442 had an average of 29 days on market in Nov 2024, up by 47.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60442 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 60442; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% 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 60442, IL

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