Is 60201, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60201 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $225K | +7.1% |
2 Bedrooms | $310K | $310K | 0.0% |
3 Bedrooms | $585K | $565K | -3.4% |
4 Bedrooms | $836.7K | $896K | +7.1% |
5+ Bedrooms | $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 | $467K | $496.1K | +6.2% |
60201 | $449.6K | $456.4K | +1.5% |
60202 | $326.3K | $306K | -6.2% |
Housing Supply in 60201, IL
How many homes are available in 60201, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 125 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 46 | 51 | +10.9% |
3 Bedrooms | 24 | 30 | +25.0% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 17 | 16 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 28 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 26 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
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.