Is 60137, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60137 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60137 has remained a Seller's Market.

Key Takeaway

60137 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60137, IL

How much do homes in 60137, IL cost?

Median Sold Price

$459,708

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,708(+6.9%)

Key Takeaway

Homes in 60137 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60137 was $459,708 in May 2024, up 6.9% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $150.2K$157.5K
+4.8%
2 $245K$247K
+0.8%
3 $410K$415K
+1.2%
4 $586.2K$635K
+8.3%
5+ $735K$945.4K
+28.6%

Summary: 60137 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Zip Codes

60139
+12.2%
60187
+11.5%
60137
+6.9%
60189
+6.1%
60148
+3.9%

Housing Supply in 60137, IL

How many homes are available in 60137, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
122130+6.6%

Summary: The 60137 real estate market had 130 homes for sale in May 2024, a 6.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 42
-50.0%
2 1720
+17.6%
3 4753
+12.8%
4 4143
+4.9%
5+ 1312
-7.7%

Summary: The 60137 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4635-23.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60137, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 60137 in May 2024, down by 23.9% month-over-month. Of the 35 sold homes, 43% were sold under asking, 9% were sold at asking, and 49% were sold over asking.

Days on Market for 60137, IL

How long does it take to sell a home in 60137, IL?

Average Sale Time

May 2023May 2024CHANGE
11 Days15 Days+31.5%

Summary: Homes in 60137 had an average of 15 days on market in May 2024, up by 31.5% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60137 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 35 homes were sold in 60137; 83% of homes were sold within 30 days, 14% 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 15 Days Ago

Newest Listings in 60137, IL

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