Is 60558, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60558 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60558 has remained a Seller's Market.

Key Takeaway

60558 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60558, IL

How much do homes in 60558, IL cost?

Median Sold Price

$785,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$110,000(+16.3%)

Key Takeaway

Homes in 60558 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 60558 was $785,000 in November 2024, up 16.3% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $615K$482.5K
-21.5%
3 $552.5K$632.5K
+14.5%
4 $800K$999K
+24.9%
5+ $1.3M$1.3M
+2.4%

Summary: 60558 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

60521
+22.5%
60558
+16.3%
60525
+14.9%
60154
+11.0%
60526
+3.3%

Housing Supply in 60558, IL

How many homes are available in 60558, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
57570.0%

Summary: The 60558 real estate market had 57 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2928
-3.4%
4 1715
-11.8%
5+ 68
+33.3%

Summary: The 60558 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60558, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 60558 in November 2024, up by 72.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.

Days on Market for 60558, IL

How long does it take to sell a home in 60558, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days11 Days-13.3%

Summary: Homes in 60558 had an average of 11 days on market in Nov 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

18 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 60558 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 60558; 95% of homes were sold within 30 days, 5% 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 21 Days Ago

Newest Listings in 60558, IL

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