Is 60560, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60560 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60560 has remained a Seller's Market.

Key Takeaway

60560 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60560, IL

How much do homes in 60560, IL cost?

Median Sold Price

$374,990

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,490(+4.9%)

Key Takeaway

Homes in 60560 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 60560 was $374,990 in November 2024, up 4.9% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$152K
+4.8%
2 $240K$245.2K
+2.2%
3 $310.2K$337K
+8.6%
4 $419K$430.8K
+2.8%
5+ $510K$550K
+7.8%

Summary: 60560 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

60545
+14.3%
60543
+6.6%
60560
+4.9%

Housing Supply in 60560, IL

How many homes are available in 60560, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1691690.0%

Summary: The 60560 real estate market had 169 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 1919
0.0%
3 6461
-4.7%
4 6969
0.0%
5+ 1419
+35.7%

Summary: The 60560 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 35.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5034-32.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60560, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 60560 in November 2024, down by 32.0% month-over-month. Of the 34 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for 60560, IL

How long does it take to sell a home in 60560, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days21 Days-15.5%

Summary: Homes in 60560 had an average of 21 days on market in Nov 2024, down by 15.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60560 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 60560; 79% of homes were sold within 30 days, 21% 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 22 Days Ago

Newest Listings in 60560, IL

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