Is 60012, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60012 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 60012 was a Seller's Market.

Key Takeaway

60012 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60012, IL

How much do homes in 60012, IL cost?

Median Sold Price

$458,458

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,958(+6.7%)

Key Takeaway

Homes in 60012 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 60012 was $458,458 in February 2024, up 6.7% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $255.7K$330K
+29.0%
3 $380.3K$419.9K
+10.4%
4 $455K$485K
+6.6%
5+ $527.5K$624.5K
+18.4%

Summary: 60012 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Zip Codes

60014
+8.4%
60012
+6.7%
60050
+5.0%
60098
+0.7%

Housing Supply in 60012, IL

How many homes are available in 60012, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4050+25.0%

Summary: The 60012 real estate market had 50 homes for sale in February 2024, a 25.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1521
+40.0%
4 2426
+8.3%
5+ 12
+100.0%

Summary: The 60012 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60012, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 60012 in February 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.

Days on Market for 60012, IL

How long does it take to sell a home in 60012, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days96 Days+240.5%

Summary: Homes in 60012 had an average of 96 days on market in Feb 2024, up by 240.5% 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 60012 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in 60012; 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 27 Days Ago

Newest Listings in 60012, IL

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