Is 60443, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60443 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60443 has remained a Seller's Market.

Key Takeaway

60443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60443, IL

How much do homes in 60443, IL cost?

Median Sold Price

$246,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,016(+7.0%)

Key Takeaway

Homes in 60443 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 60443 was $246,000 in October 2024, up 7% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $148K$176K
+18.9%
2 $185K$165K
-10.8%
3 $225K$230K
+2.2%
4 $275K$306.2K
+11.4%
5+ $410K$356K
-13.2%

Summary: 60443 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 13.2%.

Median Sold Price Compared To Nearby Zip Codes

60422
+15.7%
60461
+9.8%
60443
+7.0%
60478
+2.9%
60471
-6.2%

Housing Supply in 60443, IL

How many homes are available in 60443, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8597+14.1%

Summary: The 60443 real estate market had 97 homes for sale in October 2024, a 14.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1313
0.0%
3 3239
+21.9%
4 3339
+18.2%
5+ 66
0.0%

Summary: The 60443 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60443, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 60443 in October 2024, up by 61.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.

Days on Market for 60443, IL

How long does it take to sell a home in 60443, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days38 Days+78.8%

Summary: Homes in 60443 had an average of 38 days on market in Oct 2024, up by 78.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60443 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 60443; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% 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 14 Days Ago

Newest Listings in 60443, IL

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