Is 60060, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60060 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 60060 has remained a Seller's Market.

Key Takeaway

60060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60060, IL

How much do homes in 60060, IL cost?

Median Sold Price

$376,959

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,873(+15.6%)

Key Takeaway

Homes in 60060 have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in 60060 was $376,959 in February 2024, up 15.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $238K$335.9K
+41.1%
3 $290K$358.6K
+23.7%
4 $391.5K$480K
+22.6%
5+ $592.9K$547.7K
-7.6%

Summary: 60060 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 41.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

60060
+15.6%
60084
+11.1%
60061
+5.1%
60048
+2.1%
60047
+1.1%

Housing Supply in 60060, IL

How many homes are available in 60060, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7783+7.8%

Summary: The 60060 real estate market had 83 homes for sale in February 2024, a 7.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1317
+30.8%
3 2832
+14.3%
4 2622
-15.4%
5+ 1012
+20.0%

Summary: The 60060 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 increased by 30.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60060, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 60060 in February 2024, down by 4.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.

Days on Market for 60060, IL

How long does it take to sell a home in 60060, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days24 Days-15.2%

Summary: Homes in 60060 had an average of 24 days on market in Feb 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60060 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 20 homes were sold in 60060; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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 28 Days Ago

Newest Listings in 60060, IL

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