Is 60656, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60656 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60656 has remained a Seller's Market.

Key Takeaway

60656 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60656, IL

How much do homes in 60656, IL cost?

Median Sold Price

$363,750

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$53,750(+17.3%)

Key Takeaway

Homes in 60656 have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in 60656 was $363,750 in December 2024, up 17.3% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $134.4K$149K
+10.8%
2 $201K$225K
+11.9%
3 $395K$429K
+8.6%
4 $453.7K$500K
+10.2%
5+ $664K$715K
+7.7%

Summary: 60656 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

60656
+17.3%
60631
+6.8%
60176
+5.8%
60706
+4.2%
60634
+2.9%

Housing Supply in 60656, IL

How many homes are available in 60656, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6553-18.5%

Summary: The 60656 real estate market had 53 homes for sale in December 2024, a 18.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1211
-8.3%
2 2421
-12.5%
3 2616
-38.5%
4 34
+33.3%
5+ 01
+100.0%

Summary: The 60656 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60656, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 60656 in December 2024, down by 34.6% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for 60656, IL

How long does it take to sell a home in 60656, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
17 Days25 Days+46.8%

Summary: Homes in 60656 had an average of 25 days on market in Dec 2024, up by 46.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60656 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 17 homes were sold in 60656; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% 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

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