Is 60655, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60655 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60655 has remained a Seller's Market.

Key Takeaway

60655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60655, IL

How much do homes in 60655, IL cost?

Median Sold Price

$294,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,683(+5.3%)

Key Takeaway

Homes in 60655 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 60655 was $294,000 in December 2024, up 5.3% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $90K$125K
+38.9%
2 $235K$248.5K
+5.7%
3 $295K$300K
+1.7%
4 $325K$355K
+9.2%
5+ $272K$300K
+10.3%

Summary: 60655 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

60643
+8.3%
60453
+7.8%
60805
+5.6%
60655
+5.3%
60803
+4.3%

Housing Supply in 60655, IL

How many homes are available in 60655, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10897-10.2%

Summary: The 60655 real estate market had 97 homes for sale in December 2024, a 10.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1816
-11.1%
3 5953
-10.2%
4 1713
-23.5%
5+ 1314
+7.7%

Summary: The 60655 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2724-11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60655, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 60655 in December 2024, down by 11.1% month-over-month. Of the 24 sold homes, 42% were sold under asking, 21% were sold at asking, and 38% were sold over asking.

Days on Market for 60655, IL

How long does it take to sell a home in 60655, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days17 Days-31.7%

Summary: Homes in 60655 had an average of 17 days on market in Dec 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60655 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 24 homes were sold in 60655; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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