Is 60609, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60609 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60609 was a Seller's Market.

Key Takeaway

60609 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60609, IL

How much do homes in 60609, IL cost?

Median Sold Price

$276,250

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,250(+10.5%)

Key Takeaway

Homes in 60609 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 60609 was $276,250 in October 2024, up 10.5% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $209K$215K
+2.9%
2 $239K$235K
-1.7%
3 $265K$277K
+4.5%
4 $262K$321K
+22.5%
5+ $265K$289K
+9.1%

Summary: 60609 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

60608
+12.7%
60609
+10.5%
60632
+9.3%
60653
-2.4%
60616
-3.3%

Housing Supply in 60609, IL

How many homes are available in 60609, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116144+24.1%

Summary: The 60609 real estate market had 144 homes for sale in October 2024, a 24.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 610
+66.7%
2 76
-14.3%
3 3645
+25.0%
4 2325
+8.7%
5+ 4458
+31.8%

Summary: The 60609 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 31.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

7 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 60609, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 60609 in October 2024, down by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for 60609, IL

How long does it take to sell a home in 60609, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days39 Days+26.9%

Summary: Homes in 60609 had an average of 39 days on market in Oct 2024, up by 26.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60609 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 60609; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 23 Days Ago

Newest Listings in 60609, IL

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