Is 60112, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60112 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 60112 has remained a Buyer's Market.

Key Takeaway

60112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60112, IL

How much do homes in 60112, IL cost?

Median Sold Price

$264,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,100(+5.6%)

Key Takeaway

Homes in 60112 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 60112 was $264,000 in March 2024, up 5.6% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$204.9K
N/A
2 $180K$217.5K
+20.8%
3 $247.5K$265K
+7.1%
4 $255.2K$299.9K
+17.5%
5+ $284.9K$266.8K
-6.3%

Summary: 60112 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

60151
+42.4%
60178
+22.0%
60115
+12.5%
60112
+5.6%

Housing Supply in 60112, IL

How many homes are available in 60112, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2732+18.5%

Summary: The 60112 real estate market had 32 homes for sale in March 2024, a 18.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1315
+15.4%
4 1216
+33.3%
5+ 00
0.0%

Summary: The 60112 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60112, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 60112 in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60112, IL

How long does it take to sell a home in 60112, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
9 Days31 Days+233.3%

Summary: Homes in 60112 had an average of 31 days on market in Mar 2024, up by 233.3% compared to last year.

Breakdown of Home Sale Times

2 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 60112 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in 60112; 67% of homes were sold within 30 days, 33% 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 28 Days Ago

Newest Listings in 60112, IL

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