Is 60142, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60142 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 60142 has remained a Seller's Market.

Key Takeaway

60142 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$505(+0.1%)

Key Takeaway

The sold price of homes in 60142 has remained the same since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $220K$235K
+6.8%
2 $311K$315K
+1.3%
3 $350K$368K
+5.1%
4 $443.7K$456K
+2.8%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60136
+7.5%
60156
+6.8%
60102
+5.9%
60142
0.1%

Housing Supply in 60142, IL

How many homes are available in 60142, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
88116+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 4461
+38.6%
3 2325
+8.7%
4 2028
+40.0%
5+ 01
+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 2024Feb 2024CHANGE
1324+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60142, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
34 Days64 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60142 are selling fast, if you're buying plan to act quickly.

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.

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 60142, IL

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