Is 60472, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60472 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60472 was a Neutral Market.

Key Takeaway

60472 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60472, IL

How much do homes in 60472, IL cost?

Median Sold Price

$118,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,000(-0.8%)

Key Takeaway

Homes in 60472 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 60472 was $118,000 in November 2024, down 0.8% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $60K$4.9K
-91.8%
3 $120K$102.7K
-14.4%
4 $29.2K$289K
+888.0%
5+ $275K-
N/A

Summary: 60472 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 decreased by 91.8%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 888%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60445
+18.0%
60406
+13.2%
60803
+3.6%
60472
-0.8%

Housing Supply in 60472, IL

How many homes are available in 60472, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1014+40.0%

Summary: The 60472 real estate market had 14 homes for sale in November 2024, a 40.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 811
+37.5%
4 22
0.0%
5+ 01
+100.0%

Summary: The 60472 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60472, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 60472 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60472, IL

How long does it take to sell a home in 60472, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
1 Day15 Days+1400.0%

Summary: Homes in 60472 had an average of 15 days on market in Nov 2024, up by 1400% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60472 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 60472; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 60472, IL

Nearby Markets to 60472, IL