Is 60901, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60901 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60901 has remained a Seller's Market.

Key Takeaway

60901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60901, IL

How much do homes in 60901, IL cost?

Median Sold Price

$155,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,740(+15.4%)

Key Takeaway

Homes in 60901 have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in 60901 was $155,000 in March 2024, up 15.4% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $116K$46K
-60.3%
2 $110K$101K
-8.2%
3 $143.9K$169.9K
+18.1%
4 $148K$195K
+31.8%
5+ $101.2K$232.5K
+129.6%

Summary: 60901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 129.6%.

Median Sold Price Compared To Nearby Zip Codes

60901
+15.4%
60914
+10.9%
60915
+9.4%
60964
-1.2%

Housing Supply in 60901, IL

How many homes are available in 60901, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
109120+10.1%

Summary: The 60901 real estate market had 120 homes for sale in March 2024, a 10.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 31
-66.7%
2 2531
+24.0%
3 5561
+10.9%
4 2125
+19.0%
5+ 52
-60.0%

Summary: The 60901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60901, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 60901 in March 2024, up by 13.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 16% were sold at asking, and 28% were sold over asking.

Days on Market for 60901, IL

How long does it take to sell a home in 60901, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
61 Days60 Days-1.9%

Summary: Homes in 60901 had an average of 60 days on market in Mar 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60901 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 25 homes were sold in 60901; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% 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 18 Days Ago

Newest Listings in 60901, IL

Nearby Markets to 60901, IL