Is 60510, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60510 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60510 has remained a Seller's Market.

Key Takeaway

60510 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60510, IL

How much do homes in 60510, IL cost?

Median Sold Price

$425,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,000(+6.0%)

Key Takeaway

Homes in 60510 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 60510 was $425,000 in November 2024, up 6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$100K
N/A
2 $275K$300K
+9.1%
3 $364.7K$365K
0.1%
4 $465K$485K
+4.3%
5+ $687.5K$610K
-11.3%

Summary: 60510 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 9.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

60542
+13.6%
60134
+7.1%
60510
+6.0%
60502
+5.7%

Housing Supply in 60510, IL

How many homes are available in 60510, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8582-3.5%

Summary: The 60510 real estate market had 82 homes for sale in November 2024, a 3.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1715
-11.8%
3 2321
-8.7%
4 4139
-4.9%
5+ 47
+75.0%

Summary: The 60510 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 decreased by 11.8%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60510, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 60510 in November 2024, down by 18.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for 60510, IL

How long does it take to sell a home in 60510, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days23 Days+59.7%

Summary: Homes in 60510 had an average of 23 days on market in Nov 2024, up by 59.7% compared to last year.

Breakdown of Home Sale Times

17 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 60510 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 60510; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

Newest Listings in 60510, IL

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