Is 60093, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60093 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60093 has remained a Seller's Market.

Key Takeaway

60093 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60093, IL

How much do homes in 60093, IL cost?

Median Sold Price

$1,400,064

$380/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$132,564(+10.5%)

Key Takeaway

Homes in 60093 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 60093 was $1,400,064 in November 2024, up 10.5% from last year, and the median price per square foot was $380.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $245K$212.5K
-13.3%
2 $464.1K$420K
-9.5%
3 $802.5K$846K
+5.4%
4 $1.3M$1.4M
+5.6%
5+ $2.0M$2.1M
+3.4%

Summary: 60093 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Zip Codes

60022
+26.2%
60025
+16.8%
60093
+10.5%
60091
+6.6%
60043
-5.3%

Housing Supply in 60093, IL

How many homes are available in 60093, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9183-8.8%

Summary: The 60093 real estate market had 83 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 712
+71.4%
3 1818
0.0%
4 2718
-33.3%
5+ 3633
-8.3%

Summary: The 60093 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 71.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1829+61.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60093, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 60093 in November 2024, up by 61.1% month-over-month. Of the 29 sold homes, 31% were sold under asking, 14% were sold at asking, and 55% were sold over asking.

Days on Market for 60093, IL

How long does it take to sell a home in 60093, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days20 Days+1.5%

Summary: Homes in 60093 had an average of 20 days on market in Nov 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60093 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 29 homes were sold in 60093; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in 60093, IL

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