Is 60195, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60195 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60195 has remained a Seller's Market.

Key Takeaway

60195 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60195, IL

How much do homes in 60195, IL cost?

Median Sold Price

$229,950

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,450(+13.6%)

Key Takeaway

Homes in 60195 have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in 60195 was $229,950 in November 2024, up 13.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$172.5K
-1.4%
2 $215K$230K
+7.0%
3 $505K$471K
-6.7%
4 $445.5K$490K
+10.0%
5+ $434K$575K
+32.5%

Summary: 60195 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 32.5%.

Median Sold Price Compared To Nearby Zip Codes

60169
+19.3%
60173
+16.0%
60195
+13.6%
60067
+7.0%

Housing Supply in 60195, IL

How many homes are available in 60195, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1311-15.4%

Summary: The 60195 real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 58
+60.0%
3 10
-100.0%
4 20
-100.0%
5+ 10
-100.0%

Summary: The 60195 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60195, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60195 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 60195, IL

How long does it take to sell a home in 60195, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days5 Days-54.2%

Summary: Homes in 60195 had an average of 5 days on market in Nov 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60195 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 60195; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

Newest Listings in 60195, IL

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