Is 60964, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60964 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60964 was a Seller's Market.

Key Takeaway

60964 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60964, IL

How much do homes in 60964, IL cost?

Median Sold Price

$210,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+6.9%)

Key Takeaway

Homes in 60964 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60964 was $210,000 in October 2024, up 6.9% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $135K$168K
+24.4%
3 $203.2K$205K
+0.9%
4 $275.4K$250K
-9.2%
5+ $247.4K$325K
+31.3%

Summary: 60964 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Zip Codes

60901
+10.0%
60964
+6.9%

Housing Supply in 60964, IL

How many homes are available in 60964, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1827+50.0%

Summary: The 60964 real estate market had 27 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1317
+30.8%
4 48
+100.0%
5+ 00
0.0%

Summary: The 60964 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60964, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 60964 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 60964, IL

How long does it take to sell a home in 60964, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days14 Days-71.2%

Summary: Homes in 60964 had an average of 14 days on market in Oct 2024, down by 71.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60964 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 60964; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in 60964, IL

Nearby Markets to 60964, IL