Is 60076, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60076 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60076 has remained a Seller's Market.

Key Takeaway

60076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60076, IL

How much do homes in 60076, IL cost?

Median Sold Price

$415,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,750(+5.8%)

Key Takeaway

Homes in 60076 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 60076 was $415,000 in May 2024, up 5.8% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $120K$150K
+25.0%
2 $259K$277.5K
+7.1%
3 $383.7K$415K
+8.1%
4 $497.5K$525K
+5.5%
5+ $579.8K$675K
+16.4%

Summary: 60076 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Zip Codes

60203
+16.0%
60712
+11.8%
60201
+6.0%
60076
+5.8%
60077
+4.6%

Housing Supply in 60076, IL

How many homes are available in 60076, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7994+19.0%

Summary: The 60076 real estate market had 94 homes for sale in May 2024, a 19.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1819
+5.6%
3 3442
+23.5%
4 1621
+31.3%
5+ 99
0.0%

Summary: The 60076 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 5.6%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2528+12.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60076, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60076 in May 2024, up by 12.0% month-over-month. Of the 28 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.

Days on Market for 60076, IL

How long does it take to sell a home in 60076, IL?

Average Sale Time

May 2023May 2024CHANGE
36 Days10 Days-70.4%

Summary: Homes in 60076 had an average of 10 days on market in May 2024, down by 70.4% compared to last year.

Breakdown of Home Sale Times

26 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 60076 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 28 homes were sold in 60076; 93% of homes were sold within 30 days, 7% 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

Newest Listings in 60076, IL

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