Is 60083, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60083 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60083 has remained a Seller's Market.

Key Takeaway

60083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60083, IL

How much do homes in 60083, IL cost?

Median Sold Price

$322,400

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,400(+9.3%)

Key Takeaway

Homes in 60083 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 60083 was $322,400 in April 2024, up 9.3% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $202.2K$228.2K
+12.9%
3 $270K$289K
+7.0%
4 $348.5K$450K
+29.1%
5+ $627.9K$502.5K
-20.0%

Summary: 60083 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Zip Codes

60099
+13.1%
60087
+9.5%
60083
+9.3%
60046
+9.2%
60031
+7.4%

Housing Supply in 60083, IL

How many homes are available in 60083, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3649+36.1%

Summary: The 60083 real estate market had 49 homes for sale in April 2024, a 36.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 911
+22.2%
4 1420
+42.9%
5+ 67
+16.7%

Summary: The 60083 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60083, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 60083 in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.

Days on Market for 60083, IL

How long does it take to sell a home in 60083, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days22 Days+98.9%

Summary: Homes in 60083 had an average of 22 days on market in Apr 2024, up by 98.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60083 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in 60083; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 60083, IL

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