Is 60504, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60504 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60504 has remained a Seller's Market.

Key Takeaway

60504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60504, IL

How much do homes in 60504, IL cost?

Median Sold Price

$340,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$42,666(+14.3%)

Key Takeaway

Homes in 60504 have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in 60504 was $340,000 in December 2024, up 14.3% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $90K$145K
+61.1%
2 $225K$260K
+15.6%
3 $297K$347.9K
+17.2%
4 $421K$470K
+11.6%
5+ $572.5K$630.5K
+10.1%

Summary: 60504 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.1%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

60505
+15.4%
60504
+14.3%
60564
+9.9%
60502
+2.9%
60503
-0.1%

Housing Supply in 60504, IL

How many homes are available in 60504, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10189-11.9%

Summary: The 60504 real estate market had 89 homes for sale in December 2024, a 11.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 2825
-10.7%
3 5851
-12.1%
4 1412
-14.3%
5+ 11
0.0%

Summary: The 60504 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2728+3.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60504, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60504 in December 2024, up by 3.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.

Days on Market for 60504, IL

How long does it take to sell a home in 60504, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
13 Days23 Days+75.3%

Summary: Homes in 60504 had an average of 23 days on market in Dec 2024, up by 75.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60504 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in 60504; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 60504, IL

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