Is 60026, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60026 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60026 has remained a Seller's Market.

Key Takeaway

60026 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60026, IL

How much do homes in 60026, IL cost?

Median Sold Price

$695,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+6.9%)

Key Takeaway

Homes in 60026 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60026 was $695,000 in April 2024, up 6.9% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$395K
N/A
2 $420K$428K
+1.9%
3 $599K$625K
+4.3%
4 $757.5K$772K
+1.9%
5+ $1.1M$1.0M
-10.1%

Summary: 60026 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 increased by 1.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

60062
+12.3%
60026
+6.9%
60025
+5.8%

Housing Supply in 60026, IL

How many homes are available in 60026, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3145+45.2%

Summary: The 60026 real estate market had 45 homes for sale in April 2024, a 45.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1521
+40.0%
4 89
+12.5%
5+ 712
+71.4%

Summary: The 60026 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 200%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 71.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60026, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60026 in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.

Days on Market for 60026, IL

How long does it take to sell a home in 60026, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days17 Days+133.9%

Summary: Homes in 60026 had an average of 17 days on market in Apr 2024, up by 133.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60026 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in 60026; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in 60026, IL

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