Is 60202, 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, 60202 has remained a Seller's Market.
Housing Prices in 60202, IL
How much do homes in 60202, IL cost?
Median Sold Price
$306,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60202 was $306,000 in March 2024, down 6.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $171.5K | +3.9% |
2 Bedrooms | $244K | $255K | +4.5% |
3 Bedrooms | $400K | $395.5K | -1.1% |
4 Bedrooms | $725K | $670K | -7.6% |
5+ Bedrooms | $724K | $830K | +14.6% |
Summary: 60202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 60202, IL
How many homes are available in 60202, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 111 | +9.9% |
Summary: The 60202 real estate market had 111 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 37 | 39 | +5.4% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 60202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 60202 in March 2024, up by 17.4% month-over-month. Of the 27 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for 60202, IL
How long does it take to sell a home in 60202, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 33 Days | -38.4% |
Summary: Homes in 60202 had an average of 33 days on market in Mar 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 60202; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.