Is 60652, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60652 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60652 has remained a Seller's Market.

Key Takeaway

60652 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60652, IL

How much do homes in 60652, IL cost?

Median Sold Price

$272,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,250(+7.2%)

Key Takeaway

Homes in 60652 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 60652 was $272,500 in October 2024, up 7.2% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $19K$32.2K
+69.7%
2 $224K$230K
+2.7%
3 $255K$282K
+10.6%
4 $265K$270K
+1.9%
5+ $328.5K$318K
-3.2%

Summary: 60652 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

60636
+21.5%
60629
+9.6%
60620
+7.5%
60652
+7.2%

Housing Supply in 60652, IL

How many homes are available in 60652, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109116+6.4%

Summary: The 60652 real estate market had 116 homes for sale in October 2024, a 6.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 2525
0.0%
3 5461
+13.0%
4 1513
-13.3%
5+ 1010
0.0%

Summary: The 60652 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29290.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60652, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 60652 in October 2024, the same as the previous month. Of the 29 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.

Days on Market for 60652, IL

How long does it take to sell a home in 60652, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days21 Days-42.9%

Summary: Homes in 60652 had an average of 21 days on market in Oct 2024, down by 42.9% compared to last year.

Breakdown of Home Sale Times

25 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 60652 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 60652; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 13 Days Ago

Newest Listings in 60652, IL

Nearby Markets to 60652, IL