Is 60169, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60169 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60169 has remained a Seller's Market.

Key Takeaway

60169 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60169, IL

How much do homes in 60169, IL cost?

Median Sold Price

$297,750

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$42,111(+16.5%)

Key Takeaway

Homes in 60169 have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in 60169 was $297,750 in April 2024, up 16.5% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $111K$130K
+17.1%
2 $175K$198K
+13.1%
3 $305.5K$332K
+8.7%
4 $380K$400K
+5.3%
5+ $432.5K$410K
-5.2%

Summary: 60169 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Zip Codes

60194
+19.7%
60173
+18.5%
60169
+16.5%
60107
+13.5%
60195
-1.2%

Housing Supply in 60169, IL

How many homes are available in 60169, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
92108+17.4%

Summary: The 60169 real estate market had 108 homes for sale in April 2024, a 17.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1213
+8.3%
2 3432
-5.9%
3 2734
+25.9%
4 1424
+71.4%
5+ 55
0.0%

Summary: The 60169 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2640+53.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60169, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in 60169 in April 2024, up by 53.8% month-over-month. Of the 40 sold homes, 23% were sold under asking, 23% were sold at asking, and 55% were sold over asking.

Days on Market for 60169, IL

How long does it take to sell a home in 60169, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days9 Days-43.1%

Summary: Homes in 60169 had an average of 9 days on market in Apr 2024, down by 43.1% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60169 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 40 homes were sold in 60169; 93% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in 60169, IL

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