Is 60014, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60014 has remained a Seller's Market.
Housing Prices in 60014, IL
How much do homes in 60014, IL cost?
Median Sold Price
$315,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60014 was $315,000 in March 2024, up 8.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $112K | -6.7% |
2 Bedrooms | $210K | $230.1K | +9.6% |
3 Bedrooms | $265.7K | $305K | +14.8% |
4 Bedrooms | $380K | $402K | +5.8% |
5+ Bedrooms | $434.5K | $500K | +15.1% |
Summary: 60014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 15.1%.
Housing Supply in 60014, IL
How many homes are available in 60014, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 127 | +19.8% |
Summary: The 60014 real estate market had 127 homes for sale in March 2024, a 19.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 37 | 43 | +16.2% |
4 Bedrooms | 38 | 44 | +15.8% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 60014 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 33 | +6.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 60014 in March 2024, up by 6.5% month-over-month. Of the 33 sold homes, 45% were sold under asking, 15% were sold at asking, and 39% were sold over asking.
Days on Market for 60014, IL
How long does it take to sell a home in 60014, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 26 Days | -29.3% |
Summary: Homes in 60014 had an average of 26 days on market in Mar 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 60014; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.