Is 60097, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60097 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60097 has remained a Seller's Market.

Key Takeaway

60097 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60097, IL

How much do homes in 60097, IL cost?

Median Sold Price

$276,330

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,523(+7.6%)

Key Takeaway

Homes in 60097 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 60097 was $276,330 in October 2024, up 7.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $114.9K$165K
+43.6%
2 $201K$225K
+11.9%
3 $259.9K$280K
+7.7%
4 $349.9K$349.9K
0%
5+ $425K$385K
-9.4%

Summary: 60097 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

60071
+13.5%
60050
+12.7%
60097
+7.6%

Housing Supply in 60097, IL

How many homes are available in 60097, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6769+3.0%

Summary: The 60097 real estate market had 69 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2827
-3.6%
3 2524
-4.0%
4 1013
+30.0%
5+ 22
0.0%

Summary: The 60097 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60097, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 60097 in October 2024, down by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 60097, IL

How long does it take to sell a home in 60097, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days15 Days-39.6%

Summary: Homes in 60097 had an average of 15 days on market in Oct 2024, down by 39.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60097 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 60097; 83% of homes were sold within 30 days, 17% 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 60097, IL

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