Is 60081, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60081 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60081 has remained a Seller's Market.

Key Takeaway

60081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60081, IL

How much do homes in 60081, IL cost?

Median Sold Price

$388,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,500(+11.7%)

Key Takeaway

Homes in 60081 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 60081 was $388,000 in October 2024, up 11.7% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$187K
+43.8%
2 $206K$190K
-7.8%
3 $292.5K$355K
+21.4%
4 $379K$504.5K
+33.1%
5+ $505K$495K
-2.0%

Summary: 60081 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Zip Codes

60071
+13.5%
60081
+11.7%
60020
+6.6%
53181
+4.0%

Housing Supply in 60081, IL

How many homes are available in 60081, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5253+1.9%

Summary: The 60081 real estate market had 53 homes for sale in October 2024, a 1.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 910
+11.1%
3 1617
+6.3%
4 1817
-5.6%
5+ 89
+12.5%

Summary: The 60081 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 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60081, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 60081 in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.

Days on Market for 60081, IL

How long does it take to sell a home in 60081, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days24 Days+20.9%

Summary: Homes in 60081 had an average of 24 days on market in Oct 2024, up by 20.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60081 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 60081; 54% of homes were sold within 30 days, 46% 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 4 Days Ago

Newest Listings in 60081, IL

Nearby Markets to 60081, IL