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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60609 is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

60609 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60609, IL

How much do homes in 60609, IL cost?

Median Sold Price

$274,500

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,750(+6.9%)

Key Takeaway

Homes in 60609 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60609 was $274,500 in December 2024, up 6.9% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $215.2K$217.5K
+1.0%
2 $240K$237.5K
-1.0%
3 $270K$285K
+5.6%
4 $254K$289.9K
+14.1%
5+ $265K$290K
+9.4%

Summary: 60609 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

60608
+9.0%
60632
+7.4%
60609
+6.9%
60616
0%
60653
-6.0%

Housing Supply in 60609, IL

How many homes are available in 60609, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
135147+8.9%

Summary: The 60609 real estate market had 147 homes for sale in December 2024, a 8.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 57
+40.0%
2 812
+50.0%
3 4148
+17.1%
4 2929
0.0%
5+ 5251
-1.9%

Summary: The 60609 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 1.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60609, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 60609 in December 2024, up by 5.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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

Dec 2023Dec 2024CHANGE
88 Days19 Days-78.5%

Summary: Homes in 60609 had an average of 19 days on market in Dec 2024, down by 78.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 December 2024, 21 homes were sold in 60609; 71% of homes were sold within 30 days, 29% 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

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