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 October 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

$376,633

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,883(+10.5%)

Key Takeaway

Homes in 60560 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 60560 was $376,633 in October 2024, up 10.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $147K$151.5K
+3.1%
2 $230K$245.7K
+6.8%
3 $305K$335K
+9.8%
4 $417.5K$429.4K
+2.9%
5+ $497K$470.4K
-5.3%

Summary: 60560 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

60545
+15.0%
60560
+10.5%
60543
+8.3%

Housing Supply in 60560, IL

How many homes are available in 60560, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179190+6.1%

Summary: The 60560 real estate market had 190 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2220
-9.1%
3 6768
+1.5%
4 7784
+9.1%
5+ 1115
+36.4%

Summary: The 60560 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4749+4.3%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

12 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. 49% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 60560 in October 2024, up by 4.3% month-over-month. Of the 49 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
29 Days18 Days-37.4%

Summary: Homes in 60560 had an average of 18 days on market in Oct 2024, down by 37.4% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

11 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 October 2024, 49 homes were sold in 60560; 78% of homes were sold within 30 days, 22% 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 60560, IL

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