Is 60022, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60022 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60022 has remained a Seller's Market.

Key Takeaway

60022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60022, IL

How much do homes in 60022, IL cost?

Median Sold Price

$1,350,000

$385/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+1.9%)

Key Takeaway

Homes in 60022 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 60022 was $1,350,000 in April 2024, up 1.9% from last year, and the median price per square foot was $385.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $268K-
N/A
2 $303.7K$291K
-4.2%
3 $625K$712.5K
+14.0%
4 $1.3M$1.3M
+1.5%
5+ $1.7M$1.9M
+10.4%

Summary: 60022 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

60062
+12.3%
60035
+4.7%
60093
+3.0%
60022
+1.9%

Housing Supply in 60022, IL

How many homes are available in 60022, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3650+38.9%

Summary: The 60022 real estate market had 50 homes for sale in April 2024, a 38.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 18
+700.0%
4 1819
+5.6%
5+ 1520
+33.3%

Summary: The 60022 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 700%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
990.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60022, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 60022 in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 60022, IL

How long does it take to sell a home in 60022, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days20 Days-42.6%

Summary: Homes in 60022 had an average of 20 days on market in Apr 2024, down by 42.6% compared to last year.

Breakdown of Home Sale Times

8 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 60022 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 60022; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 4 Days Ago

Newest Listings in 60022, IL

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