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 November 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

$269,995

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,005(+3.8%)

Key Takeaway

Homes in 60097 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 60097 was $269,995 in November 2024, up 3.8% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $114.9K$150K
+30.5%
2 $202.4K$227.9K
+12.6%
3 $264.9K$279.7K
+5.6%
4 $349.9K$345K
-1.4%
5+ $407.5K$385K
-5.5%

Summary: 60097 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

60050
+12.6%
60097
+3.8%
60071
-7.9%

Housing Supply in 60097, IL

How many homes are available in 60097, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6473+14.1%

Summary: The 60097 real estate market had 73 homes for sale in November 2024, a 14.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 2627
+3.8%
3 2030
+50.0%
4 1313
0.0%
5+ 22
0.0%

Summary: The 60097 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1221+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60097, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 60097 in November 2024, up by 75.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% 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

Nov 2023Nov 2024CHANGE
32 Days36 Days+11.9%

Summary: Homes in 60097 had an average of 36 days on market in Nov 2024, up by 11.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 21 homes were sold in 60097; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 5% 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 3 Days Ago

Newest Listings in 60097, IL

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