Is 60174, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60174 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60174 has remained a Seller's Market.

Key Takeaway

60174 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60174, IL

How much do homes in 60174, IL cost?

Median Sold Price

$385,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,733(+6.3%)

Key Takeaway

Homes in 60174 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 60174 was $385,000 in October 2024, up 6.3% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222.5K$233K
+4.7%
2 $295K$312.5K
+5.9%
3 $340K$375K
+10.3%
4 $526K$525.5K
-0.1%
5+ $632.5K$675.6K
+6.8%

Summary: 60174 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

60175
+11.6%
60174
+6.3%
60177
+5.0%
60134
+4.3%
60184
-0.3%

Housing Supply in 60174, IL

How many homes are available in 60174, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
102119+16.7%

Summary: The 60174 real estate market had 119 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 2323
0.0%
3 3643
+19.4%
4 3240
+25.0%
5+ 1013
+30.0%

Summary: The 60174 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2739+44.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60174, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 60174 in October 2024, up by 44.4% month-over-month. Of the 39 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.

Days on Market for 60174, IL

How long does it take to sell a home in 60174, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days14 Days-3.1%

Summary: Homes in 60174 had an average of 14 days on market in Oct 2024, down by 3.1% compared to last year.

Breakdown of Home Sale Times

35 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 60174 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 60174; 90% of homes were sold within 30 days, 10% 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 60174, IL

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