Is 60513, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60513 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60513 has remained a Seller's Market.

Key Takeaway

60513 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60513, IL

How much do homes in 60513, IL cost?

Median Sold Price

$355,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,333(+5.8%)

Key Takeaway

Homes in 60513 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 60513 was $355,000 in November 2024, up 5.8% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.5K$172.5K
+14.6%
2 $261.5K$314K
+20.1%
3 $335K$355K
+6.0%
4 $405K$420K
+3.7%
5+ $520K$625K
+20.2%

Summary: 60513 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Zip Codes

60534
+16.6%
60525
+14.9%
60546
+8.0%
60513
+5.8%
60526
+3.3%

Housing Supply in 60513, IL

How many homes are available in 60513, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5758+1.8%

Summary: The 60513 real estate market had 58 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1513
-13.3%
3 2429
+20.8%
4 99
0.0%
5+ 87
-12.5%

Summary: The 60513 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60513, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 60513 in November 2024, down by 40.9% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 60513, IL

How long does it take to sell a home in 60513, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days15 Days-51.3%

Summary: Homes in 60513 had an average of 15 days on market in Nov 2024, down by 51.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60513 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 60513; 85% of homes were sold within 30 days, 15% 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 21 Days Ago

Newest Listings in 60513, IL

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