Is 60157, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60157 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60157 has remained a Seller's Market.

Key Takeaway

60157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60157, IL

How much do homes in 60157, IL cost?

Median Sold Price

$496,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,500(+7.0%)

Key Takeaway

Homes in 60157 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 60157 was $496,000 in November 2024, up 7% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $350K-
N/A
3 $390K$485K
+24.4%
4 $449.5K$480K
+6.8%
5+ $790K$645K
-18.4%

Summary: 60157 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 18.4%.

Median Sold Price Compared To Nearby Zip Codes

60143
+18.8%
60172
+13.1%
60007
+11.1%
60157
+7.0%
60108
+2.8%

Housing Supply in 60157, IL

How many homes are available in 60157, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
48+100.0%

Summary: The 60157 real estate market had 8 homes for sale in November 2024, a 100.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 26
+200.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 60157 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60157, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60157 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60157, IL

How long does it take to sell a home in 60157, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days14 Days+31.3%

Summary: Homes in 60157 had an average of 14 days on market in Nov 2024, up by 31.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60157 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 60157; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 60157, IL

Nearby Markets to 60157, IL