Is 60140, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60140 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60140 has remained a Seller's Market.

Key Takeaway

60140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60140, IL

How much do homes in 60140, IL cost?

Median Sold Price

$355,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,000(+10.9%)

Key Takeaway

Homes in 60140 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 60140 was $355,000 in April 2024, up 10.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $242K$263.5K
+8.9%
3 $291.5K$300K
+2.9%
4 $411K$436K
+6.1%
5+ $404K$433.7K
+7.4%

Summary: 60140 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

60140
+10.9%
60136
+9.3%
60124
+7.1%
60142
0.0%

Housing Supply in 60140, IL

How many homes are available in 60140, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
123154+25.2%

Summary: The 60140 real estate market had 154 homes for sale in April 2024, a 25.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2927
-6.9%
3 4967
+36.7%
4 3953
+35.9%
5+ 67
+16.7%

Summary: The 60140 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1935+84.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60140, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 60140 in April 2024, up by 84.2% month-over-month. Of the 35 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.

Days on Market for 60140, IL

How long does it take to sell a home in 60140, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days17 Days-26.6%

Summary: Homes in 60140 had an average of 17 days on market in Apr 2024, down by 26.6% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60140 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 35 homes were sold in 60140; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in 60140, IL

Nearby Markets to 60140, IL