Is 60177, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60177 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60177 has remained a Seller's Market.

Key Takeaway

60177 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60177, IL

How much do homes in 60177, IL cost?

Median Sold Price

$351,820

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,820(+5.0%)

Key Takeaway

Homes in 60177 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 60177 was $351,820 in October 2024, up 5% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $296.5K-
N/A
2 $230.7K$246K
+6.6%
3 $325K$340.9K
+4.9%
4 $514.8K$547.4K
+6.3%
5+ $535.9K$572.4K
+6.8%

Summary: 60177 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 6.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

60120
+11.2%
60123
+9.6%
60174
+6.3%
60177
+5.0%
60184
-0.3%

Housing Supply in 60177, IL

How many homes are available in 60177, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
96108+12.5%

Summary: The 60177 real estate market had 108 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2026
+30.0%
3 4550
+11.1%
4 2728
+3.7%
5+ 44
0.0%

Summary: The 60177 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 30%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2132+52.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60177, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 60177 in October 2024, up by 52.4% month-over-month. Of the 32 sold homes, 28% were sold under asking, 19% were sold at asking, and 53% were sold over asking.

Days on Market for 60177, IL

How long does it take to sell a home in 60177, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days11 Days-61.9%

Summary: Homes in 60177 had an average of 11 days on market in Oct 2024, down by 61.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60177 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 60177; 94% of homes were sold within 30 days, 6% 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 60177, IL

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