Is 60137, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60137 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60137 has remained a Seller's Market.

Key Takeaway

60137 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60137, IL

How much do homes in 60137, IL cost?

Median Sold Price

$491,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$44,000(+9.8%)

Key Takeaway

Homes in 60137 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 60137 was $491,000 in December 2024, up 9.8% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $155K$166.7K
+7.6%
2 $265K$270K
+1.9%
3 $410K$440.5K
+7.4%
4 $630.5K$650K
+3.1%
5+ $781K$1.0M
+28.4%

Summary: 60137 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 28.4%.

Median Sold Price Compared To Nearby Zip Codes

60139
+15.2%
60137
+9.8%
60187
+9.7%
60189
+7.7%
60148
+7.2%

Housing Supply in 60137, IL

How many homes are available in 60137, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11287-22.3%

Summary: The 60137 real estate market had 87 homes for sale in December 2024, a 22.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 51
-80.0%
2 1716
-5.9%
3 4437
-15.9%
4 3727
-27.0%
5+ 96
-33.3%

Summary: The 60137 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3829-23.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60137, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 60137 in December 2024, down by 23.7% month-over-month. Of the 29 sold homes, 62% were sold under asking, 7% were sold at asking, and 31% were sold over asking.

Days on Market for 60137, IL

How long does it take to sell a home in 60137, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
23 Days27 Days+16.3%

Summary: Homes in 60137 had an average of 27 days on market in Dec 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60137 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 29 homes were sold in 60137; 69% of homes were sold within 30 days, 28% 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 2 Days Ago

Newest Listings in 60137, IL

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