Is 60025, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60025 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60025 has remained a Seller's Market.

Key Takeaway

60025 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60025, IL

How much do homes in 60025, IL cost?

Median Sold Price

$523,750

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,000(+4.8%)

Key Takeaway

Homes in 60025 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 60025 was $523,750 in March 2024, up 4.8% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147K$158K
+7.5%
2 $206K$237.8K
+15.4%
3 $447.4K$455K
+1.7%
4 $792.5K$826K
+4.2%
5+ $1.0M$1.3M
+34.5%

Summary: 60025 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 34.5%.

Median Sold Price Compared To Nearby Zip Codes

60714
+7.6%
60025
+4.8%
60053
+4.0%
60026
+3.9%

Housing Supply in 60025, IL

How many homes are available in 60025, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
99118+19.2%

Summary: The 60025 real estate market had 118 homes for sale in March 2024, a 19.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 45
+25.0%
2 2019
-5.0%
3 2338
+65.2%
4 3539
+11.4%
5+ 1717
0.0%

Summary: The 60025 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 65.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2635+34.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60025, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 60025 in March 2024, up by 34.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.

Days on Market for 60025, IL

How long does it take to sell a home in 60025, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days30 Days-34.1%

Summary: Homes in 60025 had an average of 30 days on market in Mar 2024, down by 34.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60025 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in 60025; 77% of homes were sold within 30 days, 11% 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 18 Days Ago

Newest Listings in 60025, IL

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