Is 60625, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60625 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60625 has remained a Seller's Market.

Key Takeaway

60625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60625, IL

How much do homes in 60625, IL cost?

Median Sold Price

$447,916

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,833(+6.4%)

Key Takeaway

Homes in 60625 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 60625 was $447,916 in November 2024, up 6.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $159.5K$160K
0.3%
2 $258.8K$260K
0.5%
3 $530K$515K
-2.8%
4 $697.5K$788.7K
+13.1%
5+ $704.5K$755K
+7.2%

Summary: 60625 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

60640
+18.8%
60660
+16.2%
60618
+6.5%
60625
+6.4%
60659
+6.3%

Housing Supply in 60625, IL

How many homes are available in 60625, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
149144-3.4%

Summary: The 60625 real estate market had 144 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 811
+37.5%
2 4649
+6.5%
3 3835
-7.9%
4 2323
0.0%
5+ 3426
-23.5%

Summary: The 60625 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4938-22.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60625, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in 60625 in November 2024, down by 22.4% month-over-month. Of the 38 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.

Days on Market for 60625, IL

How long does it take to sell a home in 60625, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days20 Days+22.3%

Summary: Homes in 60625 had an average of 20 days on market in Nov 2024, up by 22.3% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60625 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in 60625; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in 60625, IL

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