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 November 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

$375,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,500(+7.3%)

Key Takeaway

Homes in 60081 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 60081 was $375,500 in November 2024, up 7.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$187K
+43.8%
2 $210K$190K
-9.5%
3 $295K$360K
+22.0%
4 $379.5K$494K
+30.2%
5+ $500K$315K
-37.0%

Summary: 60081 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes decreased by 37%.

Median Sold Price Compared To Nearby Zip Codes

60081
+7.3%
60020
+4.3%
53181
+4.0%
60071
-7.9%

Housing Supply in 60081, IL

How many homes are available in 60081, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4639-15.2%

Summary: The 60081 real estate market had 39 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 119
-18.2%
3 1815
-16.7%
4 118
-27.3%
5+ 66
0.0%

Summary: The 60081 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 decreased by 18.2%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 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, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 60081 in November 2024, up by 15.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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

Nov 2023Nov 2024CHANGE
61 Days59 Days-2.5%

Summary: Homes in 60081 had an average of 59 days on market in Nov 2024, down by 2.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 15 homes were sold in 60081; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 60081, IL

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