Is 60610, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60610 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60610 was a Seller's Market.

Key Takeaway

60610 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 60610, IL

How much do homes in 60610, IL cost?

Median Sold Price

$435,000

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+13.0%)

Key Takeaway

Homes in 60610 have sold for 13% more than they did a year ago.

Summary: The median home sold price in 60610 was $435,000 in October 2024, up 13% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $237.7K$260K
+9.4%
2 $430K$440.9K
+2.5%
3 $771.5K$785K
+1.7%
4 $1.2M$1.1M
-5.5%
5+ $2.0M$2.1M
+9.5%

Summary: 60610 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

60610
+13.0%
60642
+11.2%
60614
+5.8%
60654
+1.1%
60611
-6.1%

Housing Supply in 60610, IL

How many homes are available in 60610, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
302355+17.5%

Summary: The 60610 real estate market had 355 homes for sale in October 2024, a 17.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 6782
+22.4%
2 96111
+15.6%
3 8999
+11.2%
4 2936
+24.1%
5+ 2127
+28.6%

Summary: The 60610 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5751-10.5%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60610, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in 60610 in October 2024, down by 10.5% month-over-month. Of the 51 sold homes, 63% were sold under asking, 12% were sold at asking, and 25% were sold over asking.

Days on Market for 60610, IL

How long does it take to sell a home in 60610, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days39 Days+22.2%

Summary: Homes in 60610 had an average of 39 days on market in Oct 2024, up by 22.2% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60610 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 51 homes were sold in 60610; 71% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% 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 60610, IL

Nearby Markets to 60610, IL