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 December 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

$308,500

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,700(+5.7%)

Key Takeaway

Homes in 60193 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 60193 was $308,500 in December 2024, up 5.7% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $140K$178K
+27.1%
2 $239.5K$259K
+8.1%
3 $360K$380K
+5.6%
4 $475K$535K
+12.6%
5+ $630K$625K
-0.8%

Summary: 60193 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

60173
+21.3%
60169
+17.6%
60172
+13.6%
60193
+5.7%
60194
+5.1%

Housing Supply in 60193, IL

How many homes are available in 60193, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
112100-10.7%

Summary: The 60193 real estate market had 100 homes for sale in December 2024, a 10.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 5444
-18.5%
3 3331
-6.1%
4 1818
0.0%
5+ 22
0.0%

Summary: The 60193 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 18.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3930-23.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 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. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 60193 in December 2024, down by 23.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
15 Days24 Days+59.4%

Summary: Homes in 60193 had an average of 24 days on market in Dec 2024, up by 59.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 30 homes were sold in 60193; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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 2 Days Ago

Newest Listings in 60193, IL

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