Is 60601, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60601 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60601 has remained a Seller's Market.

Key Takeaway

60601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60601, IL

How much do homes in 60601, IL cost?

Median Sold Price

$509,900

$448/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,900(+4.1%)

Key Takeaway

Homes in 60601 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 60601 was $509,900 in October 2024, up 4.1% from last year, and the median price per square foot was $448.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $338K$360K
+6.5%
2 $550K$570K
+3.6%
3 $1.2M$1.1M
-8.2%
4 $2.8M$2.8M
-0.1%
5+ $2.2M$7.0M
+216.8%

Summary: 60601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 216.8%.

Median Sold Price Compared To Nearby Zip Codes

60601
+4.1%
60654
+1.1%
60606
-1.1%
60611
-6.1%

Housing Supply in 60601, IL

How many homes are available in 60601, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135142+5.2%

Summary: The 60601 real estate market had 142 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 6161
0.0%
2 4648
+4.3%
3 2327
+17.4%
4 56
+20.0%
5+ 00
0.0%

Summary: The 60601 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 increased by 4.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2431+29.2%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60601, you may be able to get a good deal. 83.9% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 60601 in October 2024, up by 29.2% month-over-month. Of the 31 sold homes, 84% were sold under asking, 6% were sold at asking, and 10% were sold over asking.

Days on Market for 60601, IL

How long does it take to sell a home in 60601, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days58 Days+1.6%

Summary: Homes in 60601 had an average of 58 days on market in Oct 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60601 has remained consistent over time.

Summary: During October 2024, 31 homes were sold in 60601; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 19% 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 13 Days Ago

Newest Listings in 60601, IL

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