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 December 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

$322,696

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$48,196(+17.6%)

Key Takeaway

Homes in 60169 have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in 60169 was $322,696 in December 2024, up 17.6% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $123K$150K
+22.0%
2 $195K$210K
+7.7%
3 $322.4K$340K
+5.4%
4 $395K$415K
+5.1%
5+ $462.5K$445K
-3.8%

Summary: 60169 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

60173
+21.3%
60169
+17.6%
60107
+8.2%
60194
+5.1%

Housing Supply in 60169, IL

How many homes are available in 60169, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7461-17.6%

Summary: The 60169 real estate market had 61 homes for sale in December 2024, a 17.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 86
-25.0%
2 1717
0.0%
3 3227
-15.6%
4 169
-43.8%
5+ 12
+100.0%

Summary: The 60169 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2833+17.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60169, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60169 in December 2024, up by 17.9% month-over-month. Of the 33 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% 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

Dec 2023Dec 2024CHANGE
15 Days18 Days+18.9%

Summary: Homes in 60169 had an average of 18 days on market in Dec 2024, up by 18.9% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 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 December 2024, 33 homes were sold in 60169; 85% of homes were sold within 30 days, 12% 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 60169, IL

Nearby Markets to 60169, IL