Is 60014, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60014 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60014 has remained a Seller's Market.

Key Takeaway

60014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60014, IL

How much do homes in 60014, IL cost?

Median Sold Price

$330,016

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,016(+8.2%)

Key Takeaway

Homes in 60014 have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in 60014 was $330,016 in October 2024, up 8.2% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112K$121K
+8.0%
2 $227K$247K
+8.8%
3 $290K$315K
+8.6%
4 $390K$406K
+4.1%
5+ $491.2K$519K
+5.6%

Summary: 60014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

60012
+13.6%
60014
+8.2%
60013
+7.5%
60042
+5.4%
60156
+4.3%

Housing Supply in 60014, IL

How many homes are available in 60014, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
170191+12.4%

Summary: The 60014 real estate market had 191 homes for sale in October 2024, a 12.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3738
+2.7%
3 5968
+15.3%
4 5860
+3.4%
5+ 1523
+53.3%

Summary: The 60014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 53.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5039-22.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60014, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 60014 in October 2024, down by 22.0% month-over-month. Of the 39 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.

Days on Market for 60014, IL

How long does it take to sell a home in 60014, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days23 Days+30.1%

Summary: Homes in 60014 had an average of 23 days on market in Oct 2024, up by 30.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60014 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 60014; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in 60014, IL

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