Is 60193, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60193 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60193 has remained a Seller's Market.

Key Takeaway

60193 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60193, IL

How much do homes in 60193, IL cost?

Median Sold Price

$313,024

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,190(+7.6%)

Key Takeaway

Homes in 60193 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 60193 was $313,024 in October 2024, up 7.6% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137.6K$174.5K
+26.8%
2 $234.9K$255K
+8.5%
3 $350.2K$378K
+7.9%
4 $460K$527.5K
+14.7%
5+ $617.5K$630K
+2.0%

Summary: 60193 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

60169
+25.4%
60173
+23.4%
60172
+11.7%
60193
+7.6%
60194
0.0%

Housing Supply in 60193, IL

How many homes are available in 60193, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112128+14.3%

Summary: The 60193 real estate market had 128 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 4855
+14.6%
3 4144
+7.3%
4 1419
+35.7%
5+ 33
0.0%

Summary: The 60193 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3730-18.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60193, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 60193 in October 2024, down by 18.9% month-over-month. Of the 30 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.

Days on Market for 60193, IL

How long does it take to sell a home in 60193, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days14 Days+13.5%

Summary: Homes in 60193 had an average of 14 days on market in Oct 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

26 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 60193 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 60193; 87% of homes were sold within 30 days, 13% 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 5 Days Ago

Newest Listings in 60193, IL

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