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 November 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

$171,833

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,400(+10.6%)

Key Takeaway

Homes in 60628 have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in 60628 was $171,833 in November 2024, up 10.6% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$152.5K
-25.6%
2 $142.3K$145K
+1.9%
3 $155K$174.9K
+12.9%
4 $144.5K$172.5K
+19.4%
5+ $207K$233K
+12.6%

Summary: 60628 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Zip Codes

60633
+17.7%
60827
+12.6%
60628
+10.6%
60617
+5.8%
60643
+4.7%

Housing Supply in 60628, IL

How many homes are available in 60628, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
337378+12.2%

Summary: The 60628 real estate market had 378 homes for sale in November 2024, a 12.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 5959
0.0%
3 126159
+26.2%
4 8286
+4.9%
5+ 6772
+7.5%

Summary: The 60628 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5242-19.2%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

7 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. 45.2% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 60628 in November 2024, down by 19.2% month-over-month. Of the 42 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% 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

Nov 2023Nov 2024CHANGE
46 Days79 Days+72.5%

Summary: Homes in 60628 had an average of 79 days on market in Nov 2024, up by 72.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

11 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 November 2024, 42 homes were sold in 60628; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% 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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