Is 60659, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60659 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60659 has remained a Seller's Market.

Key Takeaway

60659 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60659, IL

How much do homes in 60659, IL cost?

Median Sold Price

$330,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+8.2%)

Key Takeaway

Homes in 60659 have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in 60659 was $330,000 in December 2024, up 8.2% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $122.5K$133.2K
+8.8%
2 $175K$193K
+10.3%
3 $377.5K$412.5K
+9.3%
4 $485K$556K
+14.6%
5+ $631.7K$675K
+6.9%

Summary: 60659 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

60660
+13.9%
60645
+12.9%
60625
+9.5%
60659
+8.2%
60712
-5.3%

Housing Supply in 60659, IL

How many homes are available in 60659, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6462-3.1%

Summary: The 60659 real estate market had 62 homes for sale in December 2024, a 3.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 67
+16.7%
2 2624
-7.7%
3 1716
-5.9%
4 77
0.0%
5+ 88
0.0%

Summary: The 60659 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60659, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 60659 in December 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for 60659, IL

How long does it take to sell a home in 60659, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
40 Days19 Days-51.6%

Summary: Homes in 60659 had an average of 19 days on market in Dec 2024, down by 51.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60659 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 13 homes were sold in 60659; 77% of homes were sold within 30 days, 23% 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

Newest Listings in 60659, IL

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