Is 60556, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60556 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 60556 was a Buyer's Market.

Key Takeaway

60556 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60556, IL

How much do homes in 60556, IL cost?

Median Sold Price

$322,000

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$97,000(+43.1%)

Key Takeaway

Homes in 60556 have sold for 43.1% more than they did a month ago.

Summary: The median home sold price in 60556 was $322,000 in October 2024, up 43.1% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $225K$322K
+43.1%
4 -$312K
N/A
5+ -$619.9K
N/A

Summary: 60556 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 43.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60531
+76.2%
60556
+43.1%

Housing Supply in 60556, IL

How many homes are available in 60556, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 60556 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 77
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 60556 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60556, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 60556 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 60556, IL

How long does it take to sell a home in 60556, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
32 Days26 Days-16.9%

Summary: Homes in 60556 had an average of 26 days on market in Oct 2024, down by 16.9% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60556 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 60556; 80% of homes were sold within 30 days, 20% 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 26 Days Ago

Newest Listings in 60556, IL

Nearby Markets to 60556, IL