Is 60628, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60628 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60628 was a Seller's Market.

Key Takeaway

60628 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60628, IL

How much do homes in 60628, IL cost?

Median Sold Price

$170,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,513(+7.9%)

Key Takeaway

Homes in 60628 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 60628 was $170,000 in October 2024, up 7.9% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$152.5K
-25.6%
2 $137.3K$145K
+5.6%
3 $159.9K$170.8K
+6.8%
4 $140K$180K
+28.6%
5+ $206K$230K
+11.7%

Summary: 60628 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

60633
+12.1%
60827
+11.7%
60617
+8.6%
60628
+7.9%
60643
+4.3%

Housing Supply in 60628, IL

How many homes are available in 60628, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
338394+16.6%

Summary: The 60628 real estate market had 394 homes for sale in October 2024, a 16.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 5963
+6.8%
3 134155
+15.7%
4 80101
+26.3%
5+ 6372
+14.3%

Summary: The 60628 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5547-14.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60628, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 60628 in October 2024, down by 14.5% month-over-month. Of the 47 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.

Days on Market for 60628, IL

How long does it take to sell a home in 60628, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days47 Days-19.5%

Summary: Homes in 60628 had an average of 47 days on market in Oct 2024, down by 19.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60628 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 60628; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% 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 22 Days Ago

Newest Listings in 60628, IL

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