Is 60021, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60021 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60021 has remained a Seller's Market.

Key Takeaway

60021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60021, IL

How much do homes in 60021, IL cost?

Median Sold Price

$358,950

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$77,450(+27.5%)

Key Takeaway

Homes in 60021 have sold for 27.5% more than they did a year ago.

Summary: The median home sold price in 60021 was $358,950 in October 2024, up 27.5% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100.9K$171.2K
+69.6%
2 $202.5K$255K
+25.9%
3 $277.5K$342.5K
+23.4%
4 $421.4K$450K
+6.8%
5+ $488K$447.5K
-8.3%

Summary: 60021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.6%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

60021
+27.5%
60102
+8.7%
60013
+7.5%
60010
+6.9%

Housing Supply in 60021, IL

How many homes are available in 60021, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1622+37.5%

Summary: The 60021 real estate market had 22 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 22
0.0%
3 710
+42.9%
4 57
+40.0%
5+ 11
0.0%

Summary: The 60021 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60021, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 60021 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 60021, IL

How long does it take to sell a home in 60021, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days10 Days-43.1%

Summary: Homes in 60021 had an average of 10 days on market in Oct 2024, down by 43.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60021 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 60021; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 60021, IL

Nearby Markets to 60021, IL