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 1 Day Ago

Newest Listings in 60137, IL

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