Is 60007, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60007 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60007 has remained a Seller's Market.

Key Takeaway

60007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60007, IL

How much do homes in 60007, IL cost?

Median Sold Price

$339,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$28,750(+9.3%)

Key Takeaway

Homes in 60007 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 60007 was $339,500 in March 2024, up 9.3% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $140K$155K
+10.8%
2 $215K$241K
+12.1%
3 $324.5K$350K
+7.9%
4 $410K$411.5K
0.4%
5+ $460.5K$461K
0.1%

Summary: 60007 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Zip Codes

60005
+12.5%
60007
+9.3%
60143
+3.8%
60191
+1.6%

Housing Supply in 60007, IL

How many homes are available in 60007, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6375+19.0%

Summary: The 60007 real estate market had 75 homes for sale in March 2024, a 19.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 13
+200.0%
2 1419
+35.7%
3 3336
+9.1%
4 1113
+18.2%
5+ 44
0.0%

Summary: The 60007 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1824+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60007, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 60007 in March 2024, up by 33.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for 60007, IL

How long does it take to sell a home in 60007, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
17 Days23 Days+38.2%

Summary: Homes in 60007 had an average of 23 days on market in Mar 2024, up by 38.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60007 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 24 homes were sold in 60007; 71% of homes were sold within 30 days, 29% 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 26 Days Ago

Newest Listings in 60007, IL

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