Is 60302, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60302 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60302 has remained a Seller's Market.

Key Takeaway

60302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60302, IL

How much do homes in 60302, IL cost?

Median Sold Price

$347,785

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$32,214(-8.5%)

Key Takeaway

Homes in 60302 have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in 60302 was $347,785 in March 2024, down 8.5% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135K$144K
+6.7%
2 $222K$219K
-1.4%
3 $480K$489.9K
+2.1%
4 $680K$597.5K
-12.1%
5+ $774.5K$700K
-9.6%

Summary: 60302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

60301
+52.5%
60644
+12.7%
60304
+2.7%
60302
-8.5%

Housing Supply in 60302, IL

How many homes are available in 60302, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
127144+13.4%

Summary: The 60302 real estate market had 144 homes for sale in March 2024, a 13.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2727
0.0%
2 2828
0.0%
3 4147
+14.6%
4 1520
+33.3%
5+ 1622
+37.5%

Summary: The 60302 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2535+40.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60302, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 60302 in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 57% were sold under asking, 9% were sold at asking, and 34% were sold over asking.

Days on Market for 60302, IL

How long does it take to sell a home in 60302, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
48 Days64 Days+32.4%

Summary: Homes in 60302 had an average of 64 days on market in Mar 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60302 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in 60302; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

Newest Listings in 60302, IL

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