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 November 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

$270,375

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,375(+6.0%)

Key Takeaway

Homes in 60637 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 60637 was $270,375 in November 2024, up 6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$140K
+7.7%
2 $182.2K$184.5K
+1.3%
3 $280K$277K
-1.1%
4 $338K$460K
+36.1%
5+ $359K$388.5K
+8.2%

Summary: 60637 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

60621
+34.7%
60649
+26.9%
60619
+9.9%
60615
+9.4%
60637
+6.0%

Housing Supply in 60637, IL

How many homes are available in 60637, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
196221+12.8%

Summary: The 60637 real estate market had 221 homes for sale in November 2024, a 12.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1413
-7.1%
2 3538
+8.6%
3 4153
+29.3%
4 3234
+6.3%
5+ 7483
+12.2%

Summary: The 60637 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 12.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were 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. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 60637 in November 2024, up by 13.6% month-over-month. Of the 25 sold homes, 44% were sold under asking, 36% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
33 Days57 Days+70.7%

Summary: Homes in 60637 had an average of 57 days on market in Nov 2024, up by 70.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 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 November 2024, 25 homes were sold in 60637; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 28% 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 18 Days Ago

Newest Listings in 60637, IL

Nearby Markets to 60637, IL