Is 60123, 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, 60123 has remained a Seller's Market.
Housing Prices in 60123, IL
How much do homes in 60123, IL cost?
Median Sold Price
$265,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60123 was $265,000 in March 2024, up 9.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $144.8K | +24.9% |
2 Bedrooms | $205K | $230K | +12.2% |
3 Bedrooms | $255K | $277K | +8.6% |
4 Bedrooms | $310K | $340K | +9.7% |
5+ Bedrooms | $321K | $402K | +25.2% |
Summary: 60123 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.9%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 25.2%.
Housing Supply in 60123, IL
How many homes are available in 60123, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 106 | +9.3% |
Summary: The 60123 real estate market had 106 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 37 | 39 | +5.4% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 60123 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 22.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 37 | +60.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 60123 in March 2024, up by 60.9% month-over-month. Of the 37 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% were sold over asking.
Days on Market for 60123, IL
How long does it take to sell a home in 60123, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -19.4% |
Summary: Homes in 60123 had an average of 19 days on market in Mar 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 60123; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.