Is 60615, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60615 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60615 was a Seller's Market.

Key Takeaway

60615 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60615, IL

How much do homes in 60615, IL cost?

Median Sold Price

$265,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,200(+9.6%)

Key Takeaway

Homes in 60615 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 60615 was $265,000 in October 2024, up 9.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119K$131.5K
+10.5%
2 $190K$200K
+5.3%
3 $275K$315K
+14.5%
4 $457.5K$577K
+26.1%
5+ $729.5K$772.5K
+5.9%

Summary: 60615 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Zip Codes

60609
+10.5%
60615
+9.6%
60637
+4.7%
60653
-2.4%

Housing Supply in 60615, IL

How many homes are available in 60615, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
134164+22.4%

Summary: The 60615 real estate market had 164 homes for sale in October 2024, a 22.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1215
+25.0%
2 2031
+55.0%
3 5061
+22.0%
4 2627
+3.8%
5+ 2630
+15.4%

Summary: The 60615 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 55%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2517-32.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60615, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 60615 in October 2024, down by 32.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for 60615, IL

How long does it take to sell a home in 60615, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days34 Days+4.3%

Summary: Homes in 60615 had an average of 34 days on market in Oct 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60615 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 60615; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% 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 60615, IL

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