Is 60175, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60175 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60175 has remained a Seller's Market.

Key Takeaway

60175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60175, IL

How much do homes in 60175, IL cost?

Median Sold Price

$620,469

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$64,470(+11.6%)

Key Takeaway

Homes in 60175 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 60175 was $620,469 in October 2024, up 11.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $288K$338K
+17.4%
3 $450K$466.7K
+3.7%
4 $558.9K$610K
+9.1%
5+ $634.4K$686.5K
+8.2%

Summary: 60175 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 8.2%.

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 60175, IL

How many homes are available in 60175, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123128+4.1%

Summary: The 60175 real estate market had 128 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 2116
-23.8%
4 5965
+10.2%
5+ 4143
+4.9%

Summary: The 60175 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 100%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 4.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60175, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 60175 in October 2024, up by 3.8% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for 60175, IL

How long does it take to sell a home in 60175, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days19 Days-22.9%

Summary: Homes in 60175 had an average of 19 days on market in Oct 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60175 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 60175; 81% of homes were sold within 30 days, 19% 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 60175, IL

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