Is 60940, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60940 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 60940 was a Buyer's Market.

Key Takeaway

60940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60940, IL

How much do homes in 60940, IL cost?

Median Sold Price

$255,000

$115/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$197,000(-43.6%)

Key Takeaway

Homes in 60940 have sold for 43.6% less than they did a month ago.

Summary: The median home sold price in 60940 was $255,000 in December 2024, down 43.6% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $452K$255K
-43.6%
4 --
N/A
5+ --
N/A

Summary: 60940 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 60940, IL

How many homes are available in 60940, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The 60940 real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 60940 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60940, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 60940 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 60940, IL

How long does it take to sell a home in 60940, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
14 Days29 Days+111.9%

Summary: Homes in 60940 had an average of 29 days on market in Dec 2024, up by 111.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60940 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 60940; 33% of homes were sold within 30 days, 67% 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 8 Days Ago

Newest Listings in 60940, IL

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