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 October 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

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,281(+8.6%)

Key Takeaway

Homes in 60073 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 60073 was $255,000 in October 2024, up 8.6% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108K$121.5K
+12.5%
2 $190K$201K
+5.8%
3 $235K$260K
+10.6%
4 $330K$355K
+7.6%
5+ $338K$388.7K
+15.0%

Summary: 60073 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

60041
+9.4%
60073
+8.6%
60051
+8.6%
60046
+8.4%
60030
+2.9%

Housing Supply in 60073, IL

How many homes are available in 60073, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
184185+0.5%

Summary: The 60073 real estate market had 185 homes for sale in October 2024, a 0.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 5358
+9.4%
3 9086
-4.4%
4 3437
+8.8%
5+ 64
-33.3%

Summary: The 60073 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6151-16.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60073, you could pay more than the asking price. 39.2% of homes here sold above asking price last month.

Summary: A total of 51 homes were sold or pending in 60073 in October 2024, down by 16.4% month-over-month. Of the 51 sold homes, 35% were sold under asking, 25% were sold at asking, and 39% 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

Oct 2023Oct 2024CHANGE
18 Days24 Days+31.6%

Summary: Homes in 60073 had an average of 24 days on market in Oct 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 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 October 2024, 51 homes were sold in 60073; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% 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 5 Days Ago

Newest Listings in 60073, IL

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