Is 60102, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60102 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60102 has remained a Seller's Market.

Key Takeaway

60102 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60102, IL

How much do homes in 60102, IL cost?

Median Sold Price

$366,333

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,250(+7.1%)

Key Takeaway

Homes in 60102 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 60102 was $366,333 in March 2024, up 7.1% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147K$154K
+4.8%
2 $235.5K$289.9K
+23.1%
3 $310.5K$325K
+4.7%
4 $433.7K$440K
+1.4%
5+ $470K$507.8K
+8.1%

Summary: 60102 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

60110
+8.7%
60102
+7.1%
60156
+1.9%
60118
+1.0%
60021
-4.8%

Housing Supply in 60102, IL

How many homes are available in 60102, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
10696-9.4%

Summary: The 60102 real estate market had 96 homes for sale in March 2024, a 9.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 2220
-9.1%
3 3433
-2.9%
4 3931
-20.5%
5+ 911
+22.2%

Summary: The 60102 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3029-3.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60102, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 60102 in March 2024, down by 3.3% month-over-month. Of the 29 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.

Days on Market for 60102, IL

How long does it take to sell a home in 60102, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days29 Days+13.1%

Summary: Homes in 60102 had an average of 29 days on market in Mar 2024, up by 13.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60102 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 29 homes were sold in 60102; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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 60102, IL

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