Is 60165, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60165 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 60165 was a Buyer's Market.

Key Takeaway

60165 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60165, IL

How much do homes in 60165, IL cost?

Median Sold Price

$222,500

$156/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$32,600(+17.2%)

Key Takeaway

Homes in 60165 have sold for 17.2% more than they did a month ago.

Summary: The median home sold price in 60165 was $222,500 in October 2024, up 17.2% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$115K
N/A
4 --
N/A
5+ $189.9K$330K
+73.8%

Summary: 60165 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 73.8%.

Housing Supply in 60165, IL

How many homes are available in 60165, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The 60165 real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 12
+100.0%
5+ 55
0.0%

Summary: The 60165 housing inventory by bedroom type for October 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60165, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60165 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 60165, IL

How long does it take to sell a home in 60165, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
7 Days174 Days+2385.7%

Summary: Homes in 60165 had an average of 174 days on market in Oct 2024, up by 2385.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60165 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 60165; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

Newest Listings in 60165, IL

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