Is 60523, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60523 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60523 has remained a Seller's Market.

Key Takeaway

60523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60523, IL

How much do homes in 60523, IL cost?

Median Sold Price

$848,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$73,000(+9.4%)

Key Takeaway

Homes in 60523 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 60523 was $848,000 in December 2024, up 9.4% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150K$167.9K
+12.0%
2 $475K$425K
-10.5%
3 $710K$780K
+9.9%
4 $1.0M$1.1M
+3.0%
5+ $1.3M$1.5M
+19.6%

Summary: 60523 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 19.6%.

Median Sold Price Compared To Nearby Zip Codes

60521
+20.4%
60181
+15.0%
60154
+9.7%
60523
+9.4%
60559
+8.6%

Housing Supply in 60523, IL

How many homes are available in 60523, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6555-15.4%

Summary: The 60523 real estate market had 55 homes for sale in December 2024, a 15.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 44
0.0%
2 1816
-11.1%
3 117
-36.4%
4 1514
-6.7%
5+ 1714
-17.6%

Summary: The 60523 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 decreased by 11.1%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60523, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60523 in December 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for 60523, IL

How long does it take to sell a home in 60523, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days18 Days-49.4%

Summary: Homes in 60523 had an average of 18 days on market in Dec 2024, down by 49.4% compared to last year.

Breakdown of Home Sale Times

9 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 60523 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 60523; 82% of homes were sold within 30 days, 18% 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 2 Days Ago

Newest Listings in 60523, IL

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