Is 60659, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60659 is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 60659 was a Seller's Market.

Key Takeaway

60659 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 60659, IL

How much do homes in 60659, IL cost?

Median Sold Price

$337,950

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$59,450(+21.3%)

Key Takeaway

Homes in 60659 have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in 60659 was $337,950 in May 2024, up 21.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115K$120K
+4.3%
2 $159K$190K
+19.5%
3 $375K$400K
+6.7%
4 $490K$536K
+9.4%
5+ $624.5K$640K
+2.5%

Summary: 60659 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

60659
+21.3%
60712
+11.8%
60660
+8.1%
60645
+2.4%
60625
+1.0%

Housing Supply in 60659, IL

How many homes are available in 60659, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7393+27.4%

Summary: The 60659 real estate market had 93 homes for sale in May 2024, a 27.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 3441
+20.6%
3 1521
+40.0%
4 1011
+10.0%
5+ 1015
+50.0%

Summary: The 60659 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
15150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60659, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 60659 in May 2024, the same as the previous month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.

Days on Market for 60659, IL

How long does it take to sell a home in 60659, IL?

Average Sale Time

May 2023May 2024CHANGE
51 Days13 Days-73.4%

Summary: Homes in 60659 had an average of 13 days on market in May 2024, down by 73.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60659 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in 60659; 87% of homes were sold within 30 days, 13% 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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