Is 60612, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60612 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60612 has remained a Seller's Market.

Key Takeaway

60612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60612, IL

How much do homes in 60612, IL cost?

Median Sold Price

$350,666

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$39,332(-10.1%)

Key Takeaway

Homes in 60612 have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in 60612 was $350,666 in October 2024, down 10.1% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $254.9K$255K
0.0%
2 $302.5K$307.9K
+1.8%
3 $429K$386.5K
-9.9%
4 $522K$540K
+3.4%
5+ $507.5K$475K
-6.4%

Summary: 60612 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

60608
+12.7%
60624
+12.3%
60622
+7.7%
60607
+2.3%
60612
-10.1%

Housing Supply in 60612, IL

How many homes are available in 60612, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
142162+14.1%

Summary: The 60612 real estate market had 162 homes for sale in October 2024, a 14.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 3334
+3.0%
3 4352
+20.9%
4 1821
+16.7%
5+ 4047
+17.5%

Summary: The 60612 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 17.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3028-6.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60612, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60612 in October 2024, down by 6.7% month-over-month. Of the 28 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for 60612, IL

How long does it take to sell a home in 60612, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
68 Days39 Days-42.5%

Summary: Homes in 60612 had an average of 39 days on market in Oct 2024, down by 42.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60612 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 60612; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% 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 14 Days Ago

Newest Listings in 60612, IL

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