Is 60626, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60626 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60626 was a Seller's Market.

Key Takeaway

60626 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 60626, IL

How much do homes in 60626, IL cost?

Median Sold Price

$250,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,333(+18.7%)

Key Takeaway

Homes in 60626 have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in 60626 was $250,000 in November 2024, up 18.7% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$154K
+10.0%
2 $205.5K$232.3K
+13.1%
3 $337.5K$350K
+3.7%
4 $482.5K$525.2K
+8.9%
5+ $750K$682.5K
-9.0%

Summary: 60626 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Zip Codes

60626
+18.7%
60645
+18.3%
60660
+16.2%
60202
+16.0%

Housing Supply in 60626, IL

How many homes are available in 60626, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128126-1.6%

Summary: The 60626 real estate market had 126 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2025
+25.0%
2 7468
-8.1%
3 2020
0.0%
4 33
0.0%
5+ 1110
-9.1%

Summary: The 60626 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3120-35.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60626, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 60626 in November 2024, down by 35.5% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.

Days on Market for 60626, IL

How long does it take to sell a home in 60626, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days31 Days+20.8%

Summary: Homes in 60626 had an average of 31 days on market in Nov 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60626 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 60626; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% 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 60626, IL

Nearby Markets to 60626, IL