Is 60632, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60632 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60632 has remained a Seller's Market.

Key Takeaway

60632 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60632, IL

How much do homes in 60632, IL cost?

Median Sold Price

$312,950

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,616(+9.3%)

Key Takeaway

Homes in 60632 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 60632 was $312,950 in October 2024, up 9.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $58.8K$109K
+85.4%
2 $240K$209.4K
-12.8%
3 $269K$304K
+13.0%
4 $272.4K$300K
+10.1%
5+ $329.9K$360K
+9.1%

Summary: 60632 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.4%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

60636
+21.5%
60609
+10.5%
60629
+9.6%
60632
+9.3%
60623
+7.7%

Housing Supply in 60632, IL

How many homes are available in 60632, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9397+4.3%

Summary: The 60632 real estate market had 97 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 107
-30.0%
3 2325
+8.7%
4 2218
-18.2%
5+ 3746
+24.3%

Summary: The 60632 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 24.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2819-32.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60632, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 60632 in October 2024, down by 32.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for 60632, IL

How long does it take to sell a home in 60632, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days20 Days-27.0%

Summary: Homes in 60632 had an average of 20 days on market in Oct 2024, down by 27% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60632 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 60632; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 60632, IL

Nearby Markets to 60632, IL