Is 60134, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60134 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 60134 was a Seller's Market.

Key Takeaway

60134 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 60134, IL

How much do homes in 60134, IL cost?

Median Sold Price

$445,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,050(+3.5%)

Key Takeaway

Homes in 60134 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 60134 was $445,000 in February 2024, up 3.5% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $241.2K$266.2K
+10.4%
2 $285K$314.9K
+10.5%
3 $377K$400K
+6.1%
4 $499.5K$516.4K
+3.4%
5+ $582.5K$620K
+6.4%

Summary: 60134 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

60510
+10.1%
60185
+8.5%
60175
+7.0%
60134
+3.5%
60174
+3.3%

Housing Supply in 60134, IL

How many homes are available in 60134, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5779+38.6%

Summary: The 60134 real estate market had 79 homes for sale in February 2024, a 38.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 913
+44.4%
3 2433
+37.5%
4 1823
+27.8%
5+ 610
+66.7%

Summary: The 60134 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60134, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 60134 in February 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for 60134, IL

How long does it take to sell a home in 60134, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days17 Days-44.6%

Summary: Homes in 60134 had an average of 17 days on market in Feb 2024, down by 44.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60134 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 12 homes were sold in 60134; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in 60134, IL

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