Is 60637, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60637 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60637 was a Seller's Market.

Key Takeaway

60637 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60637, IL

How much do homes in 60637, IL cost?

Median Sold Price

$265,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,933(+4.7%)

Key Takeaway

Homes in 60637 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 60637 was $265,000 in October 2024, up 4.7% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $134.9K$140K
+3.8%
2 $182.5K$184.6K
+1.2%
3 $280K$260K
-7.1%
4 $349K$449.5K
+28.8%
5+ $360K$380K
+5.6%

Summary: 60637 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

60621
+33.4%
60649
+18.5%
60615
+9.6%
60637
+4.7%
60619
+4.3%

Housing Supply in 60637, IL

How many homes are available in 60637, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
202236+16.8%

Summary: The 60637 real estate market had 236 homes for sale in October 2024, a 16.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1515
0.0%
2 3541
+17.1%
3 4358
+34.9%
4 3337
+12.1%
5+ 7685
+11.8%

Summary: The 60637 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 increased by 17.1%, 3 bedroom homes increased by 34.9%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3021-30.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60637, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 60637 in October 2024, down by 30.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 33% were sold at asking, and 5% were sold over asking.

Days on Market for 60637, IL

How long does it take to sell a home in 60637, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days37 Days-37.3%

Summary: Homes in 60637 had an average of 37 days on market in Oct 2024, down by 37.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60637 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 60637; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% 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 60637, IL

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