Is 60176, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60176 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60176 has remained a Seller's Market.

Key Takeaway

60176 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60176, IL

How much do homes in 60176, IL cost?

Median Sold Price

$275,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+5.8%)

Key Takeaway

Homes in 60176 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 60176 was $275,000 in December 2024, up 5.8% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $114K$126K
+10.5%
2 $157K$186K
+18.5%
3 $305K$335K
+9.8%
4 $333.2K$360K
+8.0%
5+ $429.5K$498K
+15.9%

Summary: 60176 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

60656
+17.3%
60131
+6.2%
60176
+5.8%
60706
+4.2%

Housing Supply in 60176, IL

How many homes are available in 60176, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3132+3.2%

Summary: The 60176 real estate market had 32 homes for sale in December 2024, a 3.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 710
+42.9%
3 1313
0.0%
4 42
-50.0%
5+ 22
0.0%

Summary: The 60176 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 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60176, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 60176 in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 60176, IL

How long does it take to sell a home in 60176, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
22 Days29 Days+29.3%

Summary: Homes in 60176 had an average of 29 days on market in Dec 2024, up by 29.3% compared to last year.

Breakdown of Home Sale Times

5 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 60176 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in 60176; 56% of homes were sold within 30 days, 44% 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 7 Days Ago

Newest Listings in 60176, IL

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