Is 60181, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60181 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60181 has remained a Seller's Market.

Key Takeaway

60181 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60181, IL

How much do homes in 60181, IL cost?

Median Sold Price

$345,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,050(+15.0%)

Key Takeaway

Homes in 60181 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 60181 was $345,000 in December 2024, up 15% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $181.2K$182K
0.4%
2 $233.5K$285K
+22.1%
3 $310.5K$355K
+14.3%
4 $379.5K$388K
+2.2%
5+ $479.9K$464K
-3.3%

Summary: 60181 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Zip Codes

60126
+16.2%
60181
+15.0%
60523
+9.4%
60148
+7.2%
60101
+4.3%

Housing Supply in 60181, IL

How many homes are available in 60181, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6760-10.4%

Summary: The 60181 real estate market had 60 homes for sale in December 2024, a 10.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1815
-16.7%
3 4238
-9.5%
4 55
0.0%
5+ 22
0.0%

Summary: The 60181 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 decreased by 16.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60181, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 60181 in December 2024, down by 36.4% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for 60181, IL

How long does it take to sell a home in 60181, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days16 Days-23.0%

Summary: Homes in 60181 had an average of 16 days on market in Dec 2024, down by 23% compared to last year.

Breakdown of Home Sale Times

12 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 60181 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 homes were sold in 60181; 86% of homes were sold within 30 days, 14% 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 60181, IL

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