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 20 Days Ago

Newest Listings in 60081, IL

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