Is 60954, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60954 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60954 has remained a Seller's Market.

Key Takeaway

60954 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60954, IL

How much do homes in 60954, IL cost?

Median Sold Price

$170,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,875(+11.8%)

Key Takeaway

Homes in 60954 have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in 60954 was $170,000 in October 2024, up 11.8% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65K$90.2K
+38.8%
2 $135K$144.4K
+7.0%
3 $154.4K$180K
+16.6%
4 $155K$236K
+52.3%
5+ $170K-
N/A

Summary: 60954 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 52.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60954
+11.8%
60964
+6.9%
60940
+5.6%

Housing Supply in 60954, IL

How many homes are available in 60954, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1821+16.7%

Summary: The 60954 real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 1114
+27.3%
4 11
0.0%
5+ 11
0.0%

Summary: The 60954 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60954, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 60954 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for 60954, IL

How long does it take to sell a home in 60954, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days35 Days+36.7%

Summary: Homes in 60954 had an average of 35 days on market in Oct 2024, up by 36.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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

Many homes in 60954 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 60954; 60% of homes were sold within 30 days, 40% 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 22 Days Ago

Newest Listings in 60954, IL

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