Is 60555, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60555 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60555 has remained a Seller's Market.

Key Takeaway

60555 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60555, IL

How much do homes in 60555, IL cost?

Median Sold Price

$315,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+8.6%)

Key Takeaway

Homes in 60555 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 60555 was $315,000 in October 2024, up 8.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$185K
0.0%
2 $245K$255K
+4.1%
3 $292K$325K
+11.3%
4 $420K$477.5K
+13.7%
5+ $571K$665K
+16.5%

Summary: 60555 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 4.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Zip Codes

60185
+11.0%
60563
+9.8%
60189
+9.1%
60555
+8.6%
60502
+7.0%

Housing Supply in 60555, IL

How many homes are available in 60555, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3238+18.8%

Summary: The 60555 real estate market had 38 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1116
+45.5%
3 1112
+9.1%
4 88
0.0%
5+ 22
0.0%

Summary: The 60555 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 increased by 45.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60555, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 60555 in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.

Days on Market for 60555, IL

How long does it take to sell a home in 60555, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days20 Days+16.7%

Summary: Homes in 60555 had an average of 20 days on market in Oct 2024, up by 16.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60555 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 60555; 75% of homes were sold within 30 days, 25% 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 60555, IL

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