Is 60914, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60914 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60914 has remained a Seller's Market.

Key Takeaway

60914 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60914, IL

How much do homes in 60914, IL cost?

Median Sold Price

$283,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,500(+8.6%)

Key Takeaway

Homes in 60914 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 60914 was $283,500 in April 2024, up 8.6% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K-
N/A
2 $170.2K$220K
+29.2%
3 $250K$270K
+8.0%
4 $299.9K$319K
+6.4%
5+ $339.9K$368.7K
+8.5%

Summary: 60914 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

60901
+14.8%
60915
+11.5%
60914
+8.6%
60954
+7.0%
60950
-2.8%

Housing Supply in 60914, IL

How many homes are available in 60914, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7471-4.1%

Summary: The 60914 real estate market had 71 homes for sale in April 2024, a 4.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 4741
-12.8%
4 1517
+13.3%
5+ 25
+150.0%

Summary: The 60914 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60914, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 60914 in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 5% were sold at asking, and 37% were sold over asking.

Days on Market for 60914, IL

How long does it take to sell a home in 60914, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days64 Days+21.3%

Summary: Homes in 60914 had an average of 64 days on market in Apr 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60914 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in 60914; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% 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 1 Day Ago

Newest Listings in 60914, IL

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