Is 60602, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 60602 is a neutral's market


Difference Since November 2022

At the same time last year, 60602 was a Seller's Market.

Key Takeaway

60602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60602, IL

How much do homes in 60602, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in 60602 have sold for 128.6% more than they did a year ago.

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

# BEDSNov 2022Nov 2023CHANGE
1 $261K$224.2K
2 $486K$500K
3 $690K$1.0M
4 --
5+ --

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.

Median Sold Price Compared To Nearby Zip Codes


Housing Supply in 60602, IL

How many homes are available in 60602, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 1111
2 66
3 57
4 22
5+ 00

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60602, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2022Nov 2023CHANGE
112 Days60 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60602 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 60602, IL

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