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 10 Days Ago

Newest Listings in 60659, IL

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