Is 60525, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60525 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60525 has remained a Seller's Market.

Key Takeaway

60525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60525, IL

How much do homes in 60525, IL cost?

Median Sold Price

$439,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,500(+3.2%)

Key Takeaway

Homes in 60525 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 60525 was $439,000 in May 2024, up 3.2% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $162.5K$165K
+1.5%
2 $220K$250K
+13.6%
3 $422.5K$430K
+1.8%
4 $700K$703.5K
0.5%
5+ $937.5K$820K
-12.5%

Summary: 60525 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

60513
+11.1%
60501
+10.3%
60458
+9.8%
60558
+7.3%
60525
+3.2%

Housing Supply in 60525, IL

How many homes are available in 60525, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
117138+17.9%

Summary: The 60525 real estate market had 138 homes for sale in May 2024, a 17.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 76
-14.3%
2 2123
+9.5%
3 4250
+19.0%
4 3043
+43.3%
5+ 1716
-5.9%

Summary: The 60525 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
40400.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60525, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in 60525 in May 2024, the same as the previous month. Of the 40 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.

Days on Market for 60525, IL

How long does it take to sell a home in 60525, IL?

Average Sale Time

May 2023May 2024CHANGE
43 Days12 Days-70.6%

Summary: Homes in 60525 had an average of 12 days on market in May 2024, down by 70.6% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60525 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 40 homes were sold in 60525; 90% of homes were sold within 30 days, 10% 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 1 Day Ago

Newest Listings in 60525, IL

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