Is 60173, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60173 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60173 was a Seller's Market.

Key Takeaway

60173 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60173, IL

How much do homes in 60173, IL cost?

Median Sold Price

$407,900

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$77,400(+23.4%)

Key Takeaway

Homes in 60173 have sold for 23.4% more than they did a year ago.

Summary: The median home sold price in 60173 was $407,900 in October 2024, up 23.4% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$155K
+10.7%
2 $247.5K$280K
+13.1%
3 $430K$543.9K
+26.5%
4 $679K$747K
+10.0%
5+ $784.4K$750K
-4.4%

Summary: 60173 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

60173
+23.4%
60008
+19.2%
60067
+8.9%
60195
+7.7%

Housing Supply in 60173, IL

How many homes are available in 60173, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2944+51.7%

Summary: The 60173 real estate market had 44 homes for sale in October 2024, a 51.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 814
+75.0%
3 1020
+100.0%
4 86
-25.0%
5+ 01
+100.0%

Summary: The 60173 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 increased by 75%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60173, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 60173 in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 60173, IL

How long does it take to sell a home in 60173, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days32 Days+49.7%

Summary: Homes in 60173 had an average of 32 days on market in Oct 2024, up by 49.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60173 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 60173; 57% of homes were sold within 30 days, 43% 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 20 Days Ago

Newest Listings in 60173, IL

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