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 October 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

$426,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+9.2%)

Key Takeaway

Homes in 60510 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 60510 was $426,000 in October 2024, up 9.2% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$100K
N/A
2 $277.8K$300K
+8.0%
3 $361K$365K
+1.1%
4 $465K$487.5K
+4.8%
5+ $650K$615K
-5.4%

Summary: 60510 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

60542
+15.8%
60510
+9.2%
60502
+7.0%
60134
+4.3%

Housing Supply in 60510, IL

How many homes are available in 60510, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8496+14.3%

Summary: The 60510 real estate market had 96 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1119
+72.7%
3 2526
+4.0%
4 4645
-2.2%
5+ 26
+200.0%

Summary: The 60510 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 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. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 60510 in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% 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

Oct 2023Oct 2024CHANGE
23 Days20 Days-15.2%

Summary: Homes in 60510 had an average of 20 days on market in Oct 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 25 homes were sold in 60510; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% 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 4 Days Ago

Newest Listings in 60510, IL

Nearby Markets to 60510, IL