Is 60160, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60160 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60160 has remained a Seller's Market.

Key Takeaway

60160 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60160, IL

How much do homes in 60160, IL cost?

Median Sold Price

$302,500

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,500(+4.0%)

Key Takeaway

Homes in 60160 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 60160 was $302,500 in April 2024, up 4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $190K$193K
+1.6%
2 $257.7K$259.9K
+0.8%
3 $295K$305K
+3.4%
4 $315K$357.5K
+13.5%
5+ $400K$415K
+3.8%

Summary: 60160 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

60164
+9.4%
60171
+5.6%
60160
+4.0%
60153
+2.1%
60165
-0.1%

Housing Supply in 60160, IL

How many homes are available in 60160, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3139+25.8%

Summary: The 60160 real estate market had 39 homes for sale in April 2024, a 25.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 89
+12.5%
3 1113
+18.2%
4 48
+100.0%
5+ 78
+14.3%

Summary: The 60160 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 12.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60160, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 60160 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 60160, IL

How long does it take to sell a home in 60160, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days35 Days-7.7%

Summary: Homes in 60160 had an average of 35 days on market in Apr 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

7 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 60160 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 60160; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 8 Days Ago

Newest Listings in 60160, IL

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