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 December 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

$180,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,875(+18.3%)

Key Takeaway

Homes in 60954 have sold for 18.3% more than they did a year ago.

Summary: The median home sold price in 60954 was $180,000 in December 2024, up 18.3% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $66.5K$105.7K
+59.0%
2 $147K$150.9K
+2.7%
3 $160K$180K
+12.5%
4 $65K$237.9K
+266.1%
5+ $170K-
N/A

Summary: 60954 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 266.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60954
+18.3%
60964
+9.4%

Housing Supply in 60954, IL

How many homes are available in 60954, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1716-5.9%

Summary: The 60954 real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 911
+22.2%
4 42
-50.0%
5+ 11
0.0%

Summary: The 60954 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60954, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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

Dec 2023Dec 2024CHANGE
30 Days68 Days+123.0%

Summary: Homes in 60954 had an average of 68 days on market in Dec 2024, up by 123% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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 December 2024, 5 homes were sold in 60954; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 10 Days Ago

Newest Listings in 60954, IL

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