Is 60634, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60634 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60634 has remained a Seller's Market.

Key Takeaway

60634 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60634, IL

How much do homes in 60634, IL cost?

Median Sold Price

$360,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,075(+2.9%)

Key Takeaway

Homes in 60634 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 60634 was $360,000 in December 2024, up 2.9% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $135K$144.7K
+7.2%
2 $276.2K$284.5K
+3.0%
3 $355K$370.8K
+4.5%
4 $385K$404.5K
+5.1%
5+ $450K$480K
+6.7%

Summary: 60634 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Zip Codes

60171
+17.3%
60656
+17.3%
60707
+5.6%
60706
+4.2%
60634
+2.9%

Housing Supply in 60634, IL

How many homes are available in 60634, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
173163-5.8%

Summary: The 60634 real estate market had 163 homes for sale in December 2024, a 5.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 54
-20.0%
2 3235
+9.4%
3 5547
-14.5%
4 5046
-8.0%
5+ 3131
0.0%

Summary: The 60634 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4743-8.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60634, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 60634 in December 2024, down by 8.5% month-over-month. Of the 43 sold homes, 49% were sold under asking, 14% were sold at asking, and 37% were sold over asking.

Days on Market for 60634, IL

How long does it take to sell a home in 60634, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days27 Days-1.5%

Summary: Homes in 60634 had an average of 27 days on market in Dec 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60634 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 43 homes were sold in 60634; 67% of homes were sold within 30 days, 28% 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 6 Days Ago

Newest Listings in 60634, IL

Nearby Markets to 60634, IL