Is 60073, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60073 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60073 has remained a Seller's Market.

Key Takeaway

60073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60073, IL

How much do homes in 60073, IL cost?

Median Sold Price

$255,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,250(+7.3%)

Key Takeaway

Homes in 60073 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 60073 was $255,000 in November 2024, up 7.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $108K$121.5K
+12.5%
2 $192.5K$203K
+5.5%
3 $237.5K$259.9K
+9.4%
4 $333K$356.7K
+7.1%
5+ $355K$398.7K
+12.3%

Summary: 60073 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

60041
+15.1%
60046
+11.5%
60073
+7.3%
60051
+6.6%
60030
-0.3%

Housing Supply in 60073, IL

How many homes are available in 60073, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
173178+2.9%

Summary: The 60073 real estate market had 178 homes for sale in November 2024, a 2.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 5559
+7.3%
3 8575
-11.8%
4 2937
+27.6%
5+ 46
+50.0%

Summary: The 60073 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5445-16.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60073, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 60073 in November 2024, down by 16.7% month-over-month. Of the 45 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.

Days on Market for 60073, IL

How long does it take to sell a home in 60073, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days24 Days+6.3%

Summary: Homes in 60073 had an average of 24 days on market in Nov 2024, up by 6.3% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60073 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 60073; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% 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 60073, IL

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