Is 60163, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60163 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60163 has remained a Seller's Market.

Key Takeaway

60163 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60163, IL

How much do homes in 60163, IL cost?

Median Sold Price

$270,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$11,000(-3.9%)

Key Takeaway

Homes in 60163 have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in 60163 was $270,000 in April 2024, down 3.9% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $210K$247.5K
+17.9%
3 $285K$286K
0.4%
4 $297.2K$296K
-0.4%
5+ $362.5K-
N/A

Summary: 60163 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 17.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60164
+9.4%
60104
+3.4%
60162
+2.8%
60126
+1.7%
60163
-3.9%

Housing Supply in 60163, IL

How many homes are available in 60163, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1311-15.4%

Summary: The 60163 real estate market had 11 homes for sale in April 2024, a 15.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 56
+20.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The 60163 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 decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75-28.6%

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 60163, 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 60163 in April 2024, down by 28.6% 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 60163, IL

How long does it take to sell a home in 60163, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days30 Days-23.3%

Summary: Homes in 60163 had an average of 30 days on market in Apr 2024, down by 23.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60163 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 60163; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 60163, IL

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