Is 60042, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60042 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60042 was a Seller's Market.

Key Takeaway

60042 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60042, IL

How much do homes in 60042, IL cost?

Median Sold Price

$255,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,000(+0.4%)

Key Takeaway

The sold price of homes in 60042 has remained the same since last year.

Summary: The median home sold price in 60042 was $255,000 in April 2024, up 0.4% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150K$157.4K
+4.9%
2 $185K$211K
+14.1%
3 $254K$267.9K
+5.5%
4 $316K$387K
+22.5%
5+ $351K$400K
+14.0%

Summary: 60042 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Zip Codes

60051
+17.5%
60084
+11.9%
60010
+1.9%
60042
0.4%

Housing Supply in 60042, IL

How many homes are available in 60042, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2434+41.7%

Summary: The 60042 real estate market had 34 homes for sale in April 2024, a 41.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 1419
+35.7%
4 46
+50.0%
5+ 11
0.0%

Summary: The 60042 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 60%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60042, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 60042 in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 60042, IL

How long does it take to sell a home in 60042, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days15 Days+48.6%

Summary: Homes in 60042 had an average of 15 days on market in Apr 2024, up by 48.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60042 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 60042; 80% of homes were sold within 30 days, 20% 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 60042, IL

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