Is 60169, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60169 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60169 has remained a Seller's Market.

Key Takeaway

60169 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60169, IL

How much do homes in 60169, IL cost?

Median Sold Price

$319,662

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$64,675(+25.4%)

Key Takeaway

Homes in 60169 have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in 60169 was $319,662 in October 2024, up 25.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $117.2K$145K
+23.7%
2 $183.2K$210K
+14.6%
3 $310K$335K
+8.1%
4 $389.4K$423.7K
+8.8%
5+ $462.5K$427.5K
-7.6%

Summary: 60169 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

60169
+25.4%
60173
+23.4%
60107
+11.1%
60195
+7.7%
60194
0.0%

Housing Supply in 60169, IL

How many homes are available in 60169, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
85100+17.6%

Summary: The 60169 real estate market had 100 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 910
+11.1%
2 2125
+19.0%
3 3440
+17.6%
4 1924
+26.3%
5+ 21
-50.0%

Summary: The 60169 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2134+61.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60169, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 60169 in October 2024, up by 61.9% month-over-month. Of the 34 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.

Days on Market for 60169, IL

How long does it take to sell a home in 60169, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days16 Days+12.1%

Summary: Homes in 60169 had an average of 16 days on market in Oct 2024, up by 12.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60169 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 60169; 88% of homes were sold within 30 days, 9% 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 20 Days Ago

Newest Listings in 60169, IL

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