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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60173 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60173 has remained a Seller's Market.

Key Takeaway

60173 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60173, IL

How much do homes in 60173, IL cost?

Median Sold Price

$401,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$70,500(+21.3%)

Key Takeaway

Homes in 60173 have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in 60173 was $401,000 in December 2024, up 21.3% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $151.5K$151K
-0.3%
2 $249.9K$282.2K
+12.9%
3 $449K$536.9K
+19.6%
4 $717.5K$766K
+6.8%
5+ -$820.5K
N/A

Summary: 60173 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60173
+21.3%
60008
+8.9%
60067
+7.3%

Housing Supply in 60173, IL

How many homes are available in 60173, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4041+2.5%

Summary: The 60173 real estate market had 41 homes for sale in December 2024, a 2.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 1718
+5.9%
3 1514
-6.7%
4 45
+25.0%
5+ 11
0.0%

Summary: The 60173 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

8 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. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60173 in December 2024, up by 57.1% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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

Dec 2023Dec 2024CHANGE
23 Days22 Days-7.2%

Summary: Homes in 60173 had an average of 22 days on market in Dec 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

7 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 60173 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 60173; 64% of homes were sold within 30 days, 36% 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 2 Days Ago

Newest Listings in 60173, IL

Nearby Markets to 60173, IL