Is 60124, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60124 was a Seller's Market.
Housing Prices in 60124, IL
How much do homes in 60124, IL cost?
Median Sold Price
$457,409
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60124 was $457,409 in March 2024, up 7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | - | N/A |
2 Bedrooms | $279.9K | $367K | +31.1% |
3 Bedrooms | $352.5K | $400K | +13.5% |
4 Bedrooms | $487.5K | $509.9K | +4.6% |
5+ Bedrooms | $555.6K | $549.9K | -1.0% |
Summary: 60124 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 31.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 60124, IL
How many homes are available in 60124, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 130 | +27.5% |
Summary: The 60124 real estate market had 130 homes for sale in March 2024, a 27.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 20 | +42.9% |
3 Bedrooms | 26 | 35 | +34.6% |
4 Bedrooms | 49 | 63 | +28.6% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 60124 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 42.9%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60124 in March 2024, down by 4.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for 60124, IL
How long does it take to sell a home in 60124, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 59 Days | +192.1% |
Summary: Homes in 60124 had an average of 59 days on market in Mar 2024, up by 192.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60124; 38% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.