Is 60126, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60126 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60126 has remained a Seller's Market.

Key Takeaway

60126 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60126, IL

How much do homes in 60126, IL cost?

Median Sold Price

$514,733

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$20,866(-3.9%)

Key Takeaway

Homes in 60126 have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in 60126 was $514,733 in March 2024, down 3.9% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $139.9K$158.5K
+13.3%
2 $285K$302.9K
+6.3%
3 $440K$445K
+1.1%
4 $857.1K$861.7K
0.5%
5+ $1.0M$1.0M
+6.6%

Summary: 60126 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

60181
+6.2%
60164
+5.7%
60162
+2.1%
60126
-3.9%
60163
-4.8%

Housing Supply in 60126, IL

How many homes are available in 60126, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114138+21.1%

Summary: The 60126 real estate market had 138 homes for sale in March 2024, a 21.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 57
+40.0%
3 4145
+9.8%
4 5264
+23.1%
5+ 1320
+53.8%

Summary: The 60126 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 53.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2429+20.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60126, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 60126 in March 2024, up by 20.8% month-over-month. Of the 29 sold homes, 62% were sold under asking, 17% were sold at asking, and 21% were sold over asking.

Days on Market for 60126, IL

How long does it take to sell a home in 60126, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days29 Days-23.7%

Summary: Homes in 60126 had an average of 29 days on market in Mar 2024, down by 23.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60126 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 29 homes were sold in 60126; 72% of homes were sold within 30 days, 17% 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 18 Days Ago

Newest Listings in 60126, IL

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