Is 60115, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60115 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60115 has remained a Seller's Market.

Key Takeaway

60115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60115, IL

How much do homes in 60115, IL cost?

Median Sold Price

$220,500

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,500(+12.5%)

Key Takeaway

Homes in 60115 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 60115 was $220,500 in March 2024, up 12.5% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $137K$107.9K
-21.2%
2 $155K$172K
+11.0%
3 $190K$226.5K
+19.2%
4 $240K$266K
+10.8%
5+ $264K$210K
-20.5%

Summary: 60115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Zip Codes

60151
+42.4%
60178
+22.0%
60115
+12.5%
60112
+5.6%
60150
-1.5%

Housing Supply in 60115, IL

How many homes are available in 60115, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6378+23.8%

Summary: The 60115 real estate market had 78 homes for sale in March 2024, a 23.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1219
+58.3%
3 2732
+18.5%
4 1314
+7.7%
5+ 1113
+18.2%

Summary: The 60115 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 increased by 58.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60115, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 60115 in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.

Days on Market for 60115, IL

How long does it take to sell a home in 60115, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days47 Days+37.4%

Summary: Homes in 60115 had an average of 47 days on market in Mar 2024, up by 37.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60115 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in 60115; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% 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 15 Days Ago

Newest Listings in 60115, IL

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