Is 60124, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60124 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 60124 was a Seller's Market.

Key Takeaway

60124 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$29,909(+7.0%)

Key Takeaway

Homes in 60124 have sold for 7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $405K-
N/A
2 $279.9K$367K
+31.1%
3 $352.5K$400K
+13.5%
4 $487.5K$509.9K
+4.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60177
+18.0%
60140
+14.8%
60136
+9.9%
60123
+9.7%
60124
+7.0%

Housing Supply in 60124, IL

How many homes are available in 60124, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
102130+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1420
+42.9%
3 2635
+34.6%
4 4963
+28.6%
5+ 1312
-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 2024Mar 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60124, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
20 Days59 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60124 has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 60124, IL

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