Is 60201, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60201 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60201 has remained a Seller's Market.

Key Takeaway

60201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60201, IL

How much do homes in 60201, IL cost?

Median Sold Price

$456,428

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,741(+1.5%)

Key Takeaway

Homes in 60201 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 60201 was $456,428 in March 2024, up 1.5% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $210K$225K
+7.1%
2 $310K$310K
0.0%
3 $585K$565K
-3.4%
4 $836.7K$896K
+7.1%
5+ $1.1M$968K
-19.3%

Summary: 60201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 19.3%.

Median Sold Price Compared To Nearby Zip Codes

60203
+6.2%
60201
+1.5%
60202
-6.2%

Housing Supply in 60201, IL

How many homes are available in 60201, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
109125+14.7%

Summary: The 60201 real estate market had 125 homes for sale in March 2024, a 14.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1012
+20.0%
2 4651
+10.9%
3 2430
+25.0%
4 1216
+33.3%
5+ 1716
-5.9%

Summary: The 60201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2128+33.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60201, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in 60201 in March 2024, up by 33.3% month-over-month. Of the 28 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.

Days on Market for 60201, IL

How long does it take to sell a home in 60201, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days26 Days-30.1%

Summary: Homes in 60201 had an average of 26 days on market in Mar 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60201 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 28 homes were sold in 60201; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% 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 18 Days Ago

Newest Listings in 60201, IL

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