Is 60520, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60520 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60520 was a Seller's Market.

Key Takeaway

60520 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60520, IL

How much do homes in 60520, IL cost?

Median Sold Price

$320,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,250(+10.8%)

Key Takeaway

Homes in 60520 have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in 60520 was $320,000 in October 2024, up 10.8% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$256K
N/A
3 $270.7K$326.5K
+20.6%
4 $360K$408K
+13.3%
5+ $297K$260K
-12.5%

Summary: 60520 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 did not change, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

60552
+31.8%
60520
+10.8%
60548
+2.2%
60511
-15.5%

Housing Supply in 60520, IL

How many homes are available in 60520, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1015+50.0%

Summary: The 60520 real estate market had 15 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 611
+83.3%
4 44
0.0%
5+ 00
0.0%

Summary: The 60520 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 remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60520, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 60520 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 60520, IL

How long does it take to sell a home in 60520, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days21 Days-34.4%

Summary: Homes in 60520 had an average of 21 days on market in Oct 2024, down by 34.4% 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 60520 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 60520; 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 16 Days Ago

Newest Listings in 60520, IL

Nearby Markets to 60520, IL