Is 60606, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60606 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60606 was a Seller's Market.

Key Takeaway

60606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60606, IL

How much do homes in 60606, IL cost?

Median Sold Price

$365,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-1.1%)

Key Takeaway

Homes in 60606 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 60606 was $365,000 in October 2024, down 1.1% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$330K
+20.0%
2 $382K$394.8K
+3.4%
3 $925K$1.2M
+32.7%
4 --
N/A
5+ --
N/A

Summary: 60606 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 32.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60606
-1.1%
60661
-5.6%
60602
-41.9%

Housing Supply in 60606, IL

How many homes are available in 60606, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2831+10.7%

Summary: The 60606 real estate market had 31 homes for sale in October 2024, a 10.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1011
+10.0%
2 1515
0.0%
3 35
+66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The 60606 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60606, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 60606 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 60606, IL

How long does it take to sell a home in 60606, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days62 Days+26.4%

Summary: Homes in 60606 had an average of 62 days on market in Oct 2024, up by 26.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60606 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 60606; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in 60606, IL

Nearby Markets to 60606, IL