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 21 Days Ago

Newest Listings in 60510, IL

Nearby Markets to 60510, IL