Is 60655, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60655 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60655 has remained a Seller's Market.

Key Takeaway

60655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60655, IL

How much do homes in 60655, IL cost?

Median Sold Price

$294,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,333(+12.4%)

Key Takeaway

Homes in 60655 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 60655 was $294,000 in May 2024, up 12.4% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $89.5K$115.5K
+29.1%
2 $224K$260K
+16.1%
3 $284.9K$300K
+5.3%
4 $325K$343.5K
+5.7%
5+ $249.9K$337.2K
+34.9%

Summary: 60655 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 34.9%.

Median Sold Price Compared To Nearby Zip Codes

60655
+12.4%
60805
+7.8%
60803
+6.7%
60453
+4.1%
60643
-4.8%

Housing Supply in 60655, IL

How many homes are available in 60655, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
93101+8.6%

Summary: The 60655 real estate market had 101 homes for sale in May 2024, a 8.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 5154
+5.9%
4 1922
+15.8%
5+ 910
+11.1%

Summary: The 60655 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60655, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 60655 in May 2024, down by 23.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.

Days on Market for 60655, IL

How long does it take to sell a home in 60655, IL?

Average Sale Time

May 2023May 2024CHANGE
33 Days22 Days-33.5%

Summary: Homes in 60655 had an average of 22 days on market in May 2024, down by 33.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60655 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in 60655; 74% of homes were sold within 30 days, 26% 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

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