Is 60634, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60634 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60634 has remained a Seller's Market.

Key Takeaway

60634 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60634, IL

How much do homes in 60634, IL cost?

Median Sold Price

$353,566

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,316(+4.8%)

Key Takeaway

Homes in 60634 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 60634 was $353,566 in May 2024, up 4.8% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $128.5K$135K
+5.1%
2 $270K$277.5K
+2.8%
3 $344.9K$360.5K
+4.5%
4 $393.5K$385K
-2.2%
5+ $463K$470K
+1.5%

Summary: 60634 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

60707
+10.9%
60171
+5.8%
60706
+5.6%
60634
+4.8%
60656
-2.1%

Housing Supply in 60634, IL

How many homes are available in 60634, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
164200+22.0%

Summary: The 60634 real estate market had 200 homes for sale in May 2024, a 22.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 4749
+4.3%
3 6071
+18.3%
4 4357
+32.6%
5+ 1320
+53.8%

Summary: The 60634 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 53.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6248-22.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60634, you could pay more than the asking price. 47.9% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in 60634 in May 2024, down by 22.6% month-over-month. Of the 48 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.

Days on Market for 60634, IL

How long does it take to sell a home in 60634, IL?

Average Sale Time

May 2023May 2024CHANGE
30 Days16 Days-46.2%

Summary: Homes in 60634 had an average of 16 days on market in May 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60634 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 48 homes were sold in 60634; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% 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 60634, IL

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