Is 60120, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60120 has remained a Seller's Market.
Housing Prices in 60120, IL
How much do homes in 60120, IL cost?
Median Sold Price
$267,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60120 was $267,000 in March 2024, up 9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $155.7K | +15.4% |
2 Bedrooms | $200.5K | $226K | +12.7% |
3 Bedrooms | $260K | $271K | +4.2% |
4 Bedrooms | $288K | $325K | +12.8% |
5+ Bedrooms | $270K | $350K | +29.6% |
Summary: 60120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 29.6%.
Housing Supply in 60120, IL
How many homes are available in 60120, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 77 | +48.1% |
Summary: The 60120 real estate market had 77 homes for sale in March 2024, a 48.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 17 | 27 | +58.8% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 60120 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 60120 in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 60120, IL
How long does it take to sell a home in 60120, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 30 Days | -25.3% |
Summary: Homes in 60120 had an average of 30 days on market in Mar 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 60120; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.