Is 60171, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60171 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60171 has remained a Seller's Market.

Key Takeaway

60171 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60171, IL

How much do homes in 60171, IL cost?

Median Sold Price

$305,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,000(+17.3%)

Key Takeaway

Homes in 60171 have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in 60171 was $305,000 in December 2024, up 17.3% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $122.5K$159.9K
+30.5%
2 $197.5K$238K
+20.5%
3 $307K$339.9K
+10.7%
4 $314K$377K
+20.1%
5+ $397.2K$522.5K
+31.5%

Summary: 60171 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 31.5%.

Median Sold Price Compared To Nearby Zip Codes

60171
+17.3%
60160
+6.2%
60131
+6.2%
60707
+5.6%
60634
+2.9%

Housing Supply in 60171, IL

How many homes are available in 60171, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2428+16.7%

Summary: The 60171 real estate market had 28 homes for sale in December 2024, a 16.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 13
+200.0%
2 68
+33.3%
3 88
0.0%
4 35
+66.7%
5+ 64
-33.3%

Summary: The 60171 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60171, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 60171 in December 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for 60171, IL

How long does it take to sell a home in 60171, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
39 Days24 Days-37.5%

Summary: Homes in 60171 had an average of 24 days on market in Dec 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60171 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in 60171; 71% of homes were sold within 30 days, 29% 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 7 Days Ago

Newest Listings in 60171, IL

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