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 21 Days Ago

Newest Listings in 60175, IL

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