Is 60543, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60543 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60543 has remained a Seller's Market.

Key Takeaway

60543 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60543, IL

How much do homes in 60543, IL cost?

Median Sold Price

$389,988

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,988(+8.3%)

Key Takeaway

Homes in 60543 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 60543 was $389,988 in October 2024, up 8.3% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K$117.5K
+2.2%
2 $261.5K$270K
+3.3%
3 $315K$355K
+12.7%
4 $430K$451K
+4.9%
5+ $475K$520K
+9.5%

Summary: 60543 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

60560
+10.5%
60543
+8.3%
60503
+5.8%
60538
+5.5%

Housing Supply in 60543, IL

How many homes are available in 60543, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144148+2.8%

Summary: The 60543 real estate market had 148 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 2324
+4.3%
3 4753
+12.8%
4 6054
-10.0%
5+ 813
+62.5%

Summary: The 60543 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4932-34.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60543, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 60543 in October 2024, down by 34.7% month-over-month. Of the 32 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% were sold over asking.

Days on Market for 60543, IL

How long does it take to sell a home in 60543, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days16 Days+3.6%

Summary: Homes in 60543 had an average of 16 days on market in Oct 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60543 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 60543; 88% of homes were sold within 30 days, 13% 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 5 Days Ago

Newest Listings in 60543, IL

Nearby Markets to 60543, IL