Is 60172, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60172 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60172 has remained a Seller's Market.

Key Takeaway

60172 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60172, IL

How much do homes in 60172, IL cost?

Median Sold Price

$335,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+11.7%)

Key Takeaway

Homes in 60172 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 60172 was $335,000 in October 2024, up 11.7% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$156.5K
-15.4%
2 $252.5K$257.7K
+2.1%
3 $319.9K$367K
+14.7%
4 $445K$440K
-1.1%
5+ $445K$660K
+48.3%

Summary: 60172 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 48.3%.

Median Sold Price Compared To Nearby Zip Codes

60172
+11.7%
60133
+9.1%
60193
+7.6%
60108
+3.2%

Housing Supply in 60172, IL

How many homes are available in 60172, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6163+3.3%

Summary: The 60172 real estate market had 63 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1114
+27.3%
3 3330
-9.1%
4 913
+44.4%
5+ 74
-42.9%

Summary: The 60172 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60172, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 60172 in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for 60172, IL

How long does it take to sell a home in 60172, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days19 Days+150.9%

Summary: Homes in 60172 had an average of 19 days on market in Oct 2024, up by 150.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60172 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 60172; 75% of homes were sold within 30 days, 25% 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 4 Days Ago

Newest Listings in 60172, IL

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