Is 60081, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60081 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60081 has remained a Seller's Market.

Key Takeaway

60081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60081, IL

How much do homes in 60081, IL cost?

Median Sold Price

$360,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$54,500(+17.8%)

Key Takeaway

Homes in 60081 have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in 60081 was $360,000 in March 2024, up 17.8% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $67K$158.5K
+136.6%
2 $170K$233.5K
+37.4%
3 $285K$307.5K
+7.9%
4 $374.5K$450K
+20.2%
5+ $486.2K$497.5K
+2.3%

Summary: 60081 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.6%, 2 bedroom homes increased by 37.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

60071
+41.7%
60081
+17.8%
53181
+7.5%
60020
+7.3%

Housing Supply in 60081, IL

How many homes are available in 60081, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2427+12.5%

Summary: The 60081 real estate market had 27 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1013
+30.0%
4 79
+28.6%
5+ 32
-33.3%

Summary: The 60081 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60081, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 60081 in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 60081, IL

How long does it take to sell a home in 60081, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days29 Days-6.6%

Summary: Homes in 60081 had an average of 29 days on market in Mar 2024, down by 6.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60081 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in 60081; 60% of homes were sold within 30 days, 40% 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 30 Days Ago

Newest Listings in 60081, IL

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