Is 60602, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, 60602 was a Seller's Market.
Housing Prices in 60602, IL
How much do homes in 60602, IL cost?
Median Sold Price
$680,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in 60602 was $680,000 in November 2023, up 128.6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $261K | $224.2K | -14.1% |
2 Bedrooms | $486K | $500K | +2.9% |
3 Bedrooms | $690K | $1.0M | +47.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 60602 housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 47.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 60602, IL
How many homes are available in 60602, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The 60602 real estate market had 26 homes for sale in November 2023, a 8.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60602 housing inventory by bedroom type for November 2023 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 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 60602 in November 2023, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 60602, IL
How long does it take to sell a home in 60602, IL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
112 Days | 60 Days | -45.8% |
Summary: Homes in 60602 had an average of 60 days on market in Nov 2023, down by 45.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During November 2023, 4 homes were sold in 60602; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.