Is 60164, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60164 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60164 has remained a Seller's Market.

Key Takeaway

60164 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60164, IL

How much do homes in 60164, IL cost?

Median Sold Price

$289,900

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,900(+9.4%)

Key Takeaway

Homes in 60164 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 60164 was $289,900 in April 2024, up 9.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $90K$105.7K
+17.5%
2 $237.5K$230K
-3.2%
3 $267K$295K
+10.5%
4 $300K$313.5K
+4.5%
5+ $309.9K$354K
+14.2%

Summary: 60164 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

60164
+9.4%
60131
+9.1%
60160
+4.0%
60165
-0.1%
60163
-3.9%

Housing Supply in 60164, IL

How many homes are available in 60164, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2936+24.1%

Summary: The 60164 real estate market had 36 homes for sale in April 2024, a 24.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 25
+150.0%
2 23
+50.0%
3 1818
0.0%
4 35
+66.7%
5+ 45
+25.0%

Summary: The 60164 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60164, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 60164 in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for 60164, IL

How long does it take to sell a home in 60164, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days41 Days+10.3%

Summary: Homes in 60164 had an average of 41 days on market in Apr 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60164 has remained consistent over time.

Summary: During April 2024, 7 homes were sold in 60164; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 60164, IL

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