Is 60194, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60194 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60194 has remained a Seller's Market.

Key Takeaway

60194 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60194, IL

How much do homes in 60194, IL cost?

Median Sold Price

$305,833

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,333(+19.7%)

Key Takeaway

Homes in 60194 have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in 60194 was $305,833 in April 2024, up 19.7% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $135.2K$209.9K
+55.2%
2 $226K$253.2K
+12.0%
3 $305K$368K
+20.7%
4 $422K$430K
+1.9%
5+ $445K$500K
+12.4%

Summary: 60194 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.2%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

60194
+19.7%
60173
+18.5%
60169
+16.5%
60193
+12.5%
60195
-1.2%

Housing Supply in 60194, IL

How many homes are available in 60194, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6563-3.1%

Summary: The 60194 real estate market had 63 homes for sale in April 2024, a 3.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 2526
+4.0%
3 2620
-23.1%
4 57
+40.0%
5+ 66
0.0%

Summary: The 60194 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2025+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60194, you could pay more than the asking price. 52% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 60194 in April 2024, up by 25.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.

Days on Market for 60194, IL

How long does it take to sell a home in 60194, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days13 Days+16.0%

Summary: Homes in 60194 had an average of 13 days on market in Apr 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60194 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 60194; 88% of homes were sold within 30 days, 12% 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 2 Days Ago

Newest Listings in 60194, IL

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