Is 60142, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 60142 has remained a Seller's Market.
Housing Prices in 60142, IL
How much do homes in 60142, IL cost?
Median Sold Price
$350,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60142 was $350,000 in February 2024, up 0.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $235K | +6.8% |
2 Bedrooms | $311K | $315K | +1.3% |
3 Bedrooms | $350K | $368K | +5.1% |
4 Bedrooms | $443.7K | $456K | +2.8% |
5+ Bedrooms | $499.9K | $530K | +6.0% |
Summary: 60142 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6%.
Housing Supply in 60142, IL
How many homes are available in 60142, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
88 | 116 | +31.8% |
Summary: The 60142 real estate market had 116 homes for sale in February 2024, a 31.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 44 | 61 | +38.6% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 60142 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 38.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60142 in February 2024, up by 84.6% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 60142, IL
How long does it take to sell a home in 60142, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 64 Days | +88.8% |
Summary: Homes in 60142 had an average of 64 days on market in Feb 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in 60142; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.