Is 60661, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60661 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60661 was a Seller's Market.

Key Takeaway

60661 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60661, IL

How much do homes in 60661, IL cost?

Median Sold Price

$350,462

$366/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,787(-5.6%)

Key Takeaway

Homes in 60661 have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in 60661 was $350,462 in October 2024, down 5.6% from last year, and the median price per square foot was $366.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $302K$300K
-0.7%
2 $465K$468K
+0.6%
3 $733.2K$874.5K
+19.3%
4 $1.0M-
N/A
5+ --
N/A

Summary: 60661 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 19.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60642
+11.2%
60607
+2.3%
60654
+1.1%
60606
-1.1%
60661
-5.6%

Housing Supply in 60661, IL

How many homes are available in 60661, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5056+12.0%

Summary: The 60661 real estate market had 56 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1920
+5.3%
2 2628
+7.7%
3 57
+40.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The 60661 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60661, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 60661 in October 2024, down by 53.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 60661, IL

How long does it take to sell a home in 60661, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days44 Days+57.8%

Summary: Homes in 60661 had an average of 44 days on market in Oct 2024, up by 57.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60661 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 60661; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in 60661, IL

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