Is 60034, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60034 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 60034 has remained a Seller's Market.

Key Takeaway

60034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60034, IL

How much do homes in 60034, IL cost?

Median Sold Price

$222,500

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$38,000(+20.6%)

Key Takeaway

Homes in 60034 have sold for 20.6% more than they did a year ago.

Summary: The median home sold price in 60034 was $222,500 in February 2024, up 20.6% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$132.4K
N/A
2 $150K$150.2K
0.2%
3 $201.4K$246K
+22.1%
4 $287K$254K
-11.5%
5+ $183.3K$490K
+167.3%

Summary: 60034 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 167.3%.

Median Sold Price Compared To Nearby Zip Codes

60071
+41.7%
60034
+20.6%
60097
+17.7%
53147
+10.1%
53128
-2.2%

Housing Supply in 60034, IL

How many homes are available in 60034, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
96-33.3%

Summary: The 60034 real estate market had 6 homes for sale in February 2024, a 33.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 74
-42.9%
4 11
0.0%
5+ 11
0.0%

Summary: The 60034 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60034, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60034 in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 60034, IL

How long does it take to sell a home in 60034, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
10 Days13 Days+28.6%

Summary: Homes in 60034 had an average of 13 days on market in Feb 2024, up by 28.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60034 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in 60034; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

Newest Listings in 60034, IL

Nearby Markets to 60034, IL