Is 60512, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60512 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60512 has remained a Seller's Market.

Key Takeaway

60512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60512, IL

How much do homes in 60512, IL cost?

Median Sold Price

$388,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,500(+10.1%)

Key Takeaway

Homes in 60512 have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in 60512 was $388,000 in December 2024, up 10.1% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 -$305K
N/A
3 $290K$355K
+22.4%
4 $505K$570K
+12.9%
5+ -$588.7K
N/A

Summary: 60512 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60512
+10.1%
60554
+10.1%
60543
+7.6%
60538
+7.3%
60560
+5.7%

Housing Supply in 60512, IL

How many homes are available in 60512, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
45+25.0%

Summary: The 60512 real estate market had 5 homes for sale in December 2024, a 25.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The 60512 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60512, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60512 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 60512, IL

How long does it take to sell a home in 60512, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
4 Days32 Days+712.5%

Summary: Homes in 60512 had an average of 32 days on market in Dec 2024, up by 712.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60512 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 60512; 50% of homes were sold within 30 days, 50% 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 7 Days Ago

Newest Listings in 60512, IL

Nearby Markets to 60512, IL