Is 60534, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60534 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60534 has remained a Seller's Market.

Key Takeaway

60534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60534, IL

How much do homes in 60534, IL cost?

Median Sold Price

$279,900

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$39,900(+16.6%)

Key Takeaway

Homes in 60534 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 60534 was $279,900 in December 2024, up 16.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $109K$119.2K
+9.4%
2 $161.2K$240K
+48.8%
3 $250K$284.9K
+14.0%
4 $295K$300K
+1.7%
5+ $345K$400K
+15.9%

Summary: 60534 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 48.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

60534
+16.6%
60501
+9.3%
60546
+8.2%
60402
+6.0%
60513
+4.8%

Housing Supply in 60534, IL

How many homes are available in 60534, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2619-26.9%

Summary: The 60534 real estate market had 19 homes for sale in December 2024, a 26.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 20
-100.0%
2 43
-25.0%
3 1513
-13.3%
4 23
+50.0%
5+ 30
-100.0%

Summary: The 60534 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

1 Home Was 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 60534, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 60534 in December 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 60534, IL

How long does it take to sell a home in 60534, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
54 Days31 Days-42.4%

Summary: Homes in 60534 had an average of 31 days on market in Dec 2024, down by 42.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60534 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 60534; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 6 Days Ago

Newest Listings in 60534, IL

Nearby Markets to 60534, IL