Is 60402, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 60402 has remained a Seller's Market.
Housing Prices in 60402, IL
How much do homes in 60402, IL cost?
Median Sold Price
$310,093
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60402 was $310,093 in February 2024, up 6.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.2K | $110K | +23.2% |
2 Bedrooms | $229K | $225K | -1.7% |
3 Bedrooms | $290K | $296K | +2.1% |
4 Bedrooms | $330K | $360K | +9.1% |
5+ Bedrooms | $380K | $412K | +8.4% |
Summary: 60402 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 60402, IL
How many homes are available in 60402, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
127 | 133 | +4.7% |
Summary: The 60402 real estate market had 133 homes for sale in February 2024, a 4.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 38 | 46 | +21.1% |
4 Bedrooms | 43 | 40 | -7.0% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The 60402 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 31 | -8.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 60402 in February 2024, down by 8.8% month-over-month. Of the 31 sold homes, 48% were sold under asking, 10% were sold at asking, and 42% were sold over asking.
Days on Market for 60402, IL
How long does it take to sell a home in 60402, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 38 Days | -30.1% |
Summary: Homes in 60402 had an average of 38 days on market in Feb 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in 60402; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.