Is 60619, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60619 is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 60619 was a Seller's Market.

Key Takeaway

60619 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60619, IL

How much do homes in 60619, IL cost?

Median Sold Price

$190,600

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,900(-5.4%)

Key Takeaway

Homes in 60619 have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in 60619 was $190,600 in May 2024, down 5.4% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $44K$57.5K
+30.7%
2 $105K$112K
+6.7%
3 $200K$179.1K
-10.4%
4 $220K$205.5K
-6.6%
5+ $282.5K$293K
+3.7%

Summary: 60619 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

60617
+11.2%
60620
+8.6%
60637
+7.1%
60619
-5.4%
60649
-12.0%

Housing Supply in 60619, IL

How many homes are available in 60619, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
291328+12.7%

Summary: The 60619 real estate market had 328 homes for sale in May 2024, a 12.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 3842
+10.5%
3 101119
+17.8%
4 7077
+10.0%
5+ 8087
+8.8%

Summary: The 60619 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 8.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3941+5.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60619, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in 60619 in May 2024, up by 5.1% month-over-month. Of the 41 sold homes, 29% were sold under asking, 27% were sold at asking, and 44% were sold over asking.

Days on Market for 60619, IL

How long does it take to sell a home in 60619, IL?

Average Sale Time

May 2023May 2024CHANGE
51 Days38 Days-23.8%

Summary: Homes in 60619 had an average of 38 days on market in May 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60619 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 41 homes were sold in 60619; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% 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 9 Days Ago

Newest Listings in 60619, IL

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