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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60632 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60632 was a Seller's Market.

Key Takeaway

60632 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 60632, IL

How much do homes in 60632, IL cost?

Median Sold Price

$313,975

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,641(+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 $313,975 in November 2024, up 9.3% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $83.9K-
N/A
2 $243K$224.9K
-7.4%
3 $273.5K$300K
+9.7%
4 $272K$310K
+14.0%
5+ $325.9K$375K
+15.0%

Summary: 60632 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

60636
+18.2%
60629
+10.6%
60623
+10.6%
60632
+9.3%
60609
+7.8%

Housing Supply in 60632, IL

How many homes are available in 60632, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8797+11.5%

Summary: The 60632 real estate market had 97 homes for sale in November 2024, a 11.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 48
+100.0%
3 2328
+21.7%
4 1617
+6.3%
5+ 4342
-2.3%

Summary: The 60632 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 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. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 60632 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% 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

Nov 2023Nov 2024CHANGE
91 Days25 Days-72.7%

Summary: Homes in 60632 had an average of 25 days on market in Nov 2024, down by 72.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were 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 November 2024, 16 homes were sold in 60632; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

Newest Listings in 60632, IL

Nearby Markets to 60632, IL