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 20 Days Ago

Newest Listings in 60073, IL

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