Is 60103, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60103 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60103 has remained a Seller's Market.

Key Takeaway

60103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60103, IL

How much do homes in 60103, IL cost?

Median Sold Price

$372,341

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,435(+6.4%)

Key Takeaway

Homes in 60103 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 60103 was $372,341 in April 2024, up 6.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K$157K
+20.8%
2 $259K$280K
+8.1%
3 $335K$369.9K
+10.4%
4 $443.4K$460.9K
+3.9%
5+ $505K$580K
+14.9%

Summary: 60103 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

60107
+13.5%
60120
+9.8%
60103
+6.4%
60133
+1.8%

Housing Supply in 60103, IL

How many homes are available in 60103, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
107121+13.1%

Summary: The 60103 real estate market had 121 homes for sale in April 2024, a 13.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2825
-10.7%
3 3848
+26.3%
4 3242
+31.3%
5+ 85
-37.5%

Summary: The 60103 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 decreased by 10.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
39390.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60103, you could pay more than the asking price. 59% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 60103 in April 2024, the same as the previous month. Of the 39 sold homes, 21% were sold under asking, 21% were sold at asking, and 59% were sold over asking.

Days on Market for 60103, IL

How long does it take to sell a home in 60103, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days9 Days-37.7%

Summary: Homes in 60103 had an average of 9 days on market in Apr 2024, down by 37.7% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60103 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 39 homes were sold in 60103; 95% of homes were sold within 30 days, 5% 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 9 Days Ago

Newest Listings in 60103, IL

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