Is 60552, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60552 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60552 has remained a Seller's Market.

Key Takeaway

60552 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60552, IL

How much do homes in 60552, IL cost?

Median Sold Price

$315,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$76,000(+31.8%)

Key Takeaway

Homes in 60552 have sold for 31.8% more than they did a year ago.

Summary: The median home sold price in 60552 was $315,000 in October 2024, up 31.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $159.9K-
N/A
2 $207K$241K
+16.4%
3 $245K$315K
+28.6%
4 $255K$403.5K
+58.2%
5+ $462.5K$469.9K
+1.6%

Summary: 60552 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 increased by 16.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

60552
+31.8%
60520
+10.8%
60548
+2.2%

Housing Supply in 60552, IL

How many homes are available in 60552, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1816-11.1%

Summary: The 60552 real estate market had 16 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 86
-25.0%
4 67
+16.7%
5+ 11
0.0%

Summary: The 60552 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 decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60552, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 60552 in October 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for 60552, IL

How long does it take to sell a home in 60552, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days26 Days+110.0%

Summary: Homes in 60552 had an average of 26 days on market in Oct 2024, up by 110% compared to last year.

Breakdown of Home Sale Times

3 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 60552 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 60552; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 60552, IL

Nearby Markets to 60552, IL