Is 60090, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60090 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60090 has remained a Seller's Market.

Key Takeaway

60090 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60090, IL

How much do homes in 60090, IL cost?

Median Sold Price

$273,250

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,250(+5.1%)

Key Takeaway

Homes in 60090 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 60090 was $273,250 in April 2024, up 5.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $109K$153K
+40.4%
2 $216K$230K
+6.5%
3 $273.5K$295K
+7.9%
4 $380K$407.5K
+7.2%
5+ $366K$483.7K
+32.2%

Summary: 60090 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 32.2%.

Median Sold Price Compared To Nearby Zip Codes

60015
+10.4%
60070
+8.6%
60004
+7.0%
60089
+5.3%
60090
+5.1%

Housing Supply in 60090, IL

How many homes are available in 60090, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8890+2.3%

Summary: The 60090 real estate market had 90 homes for sale in April 2024, a 2.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 76
-14.3%
2 3838
0.0%
3 3840
+5.3%
4 24
+100.0%
5+ 32
-33.3%

Summary: The 60090 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2636+38.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60090, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in 60090 in April 2024, up by 38.5% month-over-month. Of the 36 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.

Days on Market for 60090, IL

How long does it take to sell a home in 60090, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days21 Days+172.8%

Summary: Homes in 60090 had an average of 21 days on market in Apr 2024, up by 172.8% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60090 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 36 homes were sold in 60090; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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

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