Is 60061, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60061 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60061 has remained a Seller's Market.

Key Takeaway

60061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60061, IL

How much do homes in 60061, IL cost?

Median Sold Price

$420,525

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,538(+7.8%)

Key Takeaway

Homes in 60061 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 60061 was $420,525 in November 2024, up 7.8% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155.7K$171.2K
+10.0%
2 $210K$244.2K
+16.3%
3 $400K$429K
+7.2%
4 $575K$572K
-0.5%
5+ $897.5K$880K
-1.9%

Summary: 60061 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

60089
+8.8%
60061
+7.8%
60048
+7.4%
60069
+6.0%
60060
-4.0%

Housing Supply in 60061, IL

How many homes are available in 60061, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8366-20.5%

Summary: The 60061 real estate market had 66 homes for sale in November 2024, a 20.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2615
-42.3%
3 2623
-11.5%
4 2421
-12.5%
5+ 67
+16.7%

Summary: The 60061 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.3%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60061, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 60061 in November 2024, down by 23.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.

Days on Market for 60061, IL

How long does it take to sell a home in 60061, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days41 Days+133.5%

Summary: Homes in 60061 had an average of 41 days on market in Nov 2024, up by 133.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60061 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 23 homes were sold in 60061; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

Newest Listings in 60061, IL

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