Is 60097, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60097 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60097 has remained a Seller's Market.

Key Takeaway

60097 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60097, IL

How much do homes in 60097, IL cost?

Median Sold Price

$272,120

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$42,220(+18.4%)

Key Takeaway

Homes in 60097 have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in 60097 was $272,120 in March 2024, up 18.4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $85.5K$137.4K
+60.8%
2 $185K$200K
+8.1%
3 $242.3K$273.5K
+12.8%
4 $333.3K$349.4K
+4.8%
5+ $407.5K$680K
+66.9%

Summary: 60097 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 66.9%.

Median Sold Price Compared To Nearby Zip Codes

60071
+41.7%
60034
+34.6%
60097
+18.4%
60050
+4.6%

Housing Supply in 60097, IL

How many homes are available in 60097, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4239-7.1%

Summary: The 60097 real estate market had 39 homes for sale in March 2024, a 7.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 2222
0.0%
4 1110
-9.1%
5+ 00
0.0%

Summary: The 60097 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 remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60097, 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 60097 in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for 60097, IL

How long does it take to sell a home in 60097, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days22 Days-51.7%

Summary: Homes in 60097 had an average of 22 days on market in Mar 2024, down by 51.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60097 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 13 homes were sold in 60097; 77% of homes were sold within 30 days, 15% 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 26 Days Ago

Newest Listings in 60097, IL

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