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 5 Days Ago

Newest Listings in 60560, IL

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