Is 60020, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60020 was a Buyer's Market.
Housing Prices in 60020, IL
How much do homes in 60020, IL cost?
Median Sold Price
$220,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60020 was $220,000 in March 2024, up 7.3% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.7K | $84K | +17.1% |
2 Bedrooms | $185K | $195K | +5.4% |
3 Bedrooms | $225K | $247K | +9.8% |
4 Bedrooms | $360K | $361K | 0.3% |
5+ Bedrooms | $376.5K | $778.7K | +106.8% |
Summary: 60020 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 106.8%.
Housing Supply in 60020, IL
How many homes are available in 60020, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 62 | +37.8% |
Summary: The 60020 real estate market had 62 homes for sale in March 2024, a 37.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 18 | 28 | +55.6% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 60020 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 55.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 19 | +90.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 60020 in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for 60020, IL
How long does it take to sell a home in 60020, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 28 Days | +152.2% |
Summary: Homes in 60020 had an average of 28 days on market in Mar 2024, up by 152.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 60020; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.