Is 60603, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60603 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 60603 was a Seller's Market.

Key Takeaway

60603 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60603, IL

How much do homes in 60603, IL cost?

Median Sold Price

$707,500

$473/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$262,500(+59.0%)

Key Takeaway

Homes in 60603 have sold for 59% more than they did a year ago.

Summary: The median home sold price in 60603 was $707,500 in December 2024, up 59% from last year, and the median price per square foot was $473.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $312K$331.5K
+6.3%
2 $582.5K$707.5K
+21.5%
3 $1.5M$1.1M
-25.5%
4 $765K$3.2M
+318.3%
5+ --
N/A

Summary: 60603 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 21.5%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 318.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60603
+59.0%
60601
+10.3%

Housing Supply in 60603, IL

How many homes are available in 60603, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2120-4.8%

Summary: The 60603 real estate market had 20 homes for sale in December 2024, a 4.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 56
+20.0%
2 87
-12.5%
3 77
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 60603 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60603, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60603 in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60603, IL

How long does it take to sell a home in 60603, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
41 Days30 Days-28.0%

Summary: Homes in 60603 had an average of 30 days on market in Dec 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 60603 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 60603; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in 60603, IL

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