Is 60022, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60022 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60022 has remained a Seller's Market.

Key Takeaway

60022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60022, IL

How much do homes in 60022, IL cost?

Median Sold Price

$1,600,000

$385/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$332,500(+26.2%)

Key Takeaway

Homes in 60022 have sold for 26.2% more than they did a year ago.

Summary: The median home sold price in 60022 was $1,600,000 in November 2024, up 26.2% from last year, and the median price per square foot was $385.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $270K$525K
+94.4%
3 $705K$787.5K
+11.7%
4 $1.2M$1.6M
+25.0%
5+ $1.9M$2.1M
+6.3%

Summary: 60022 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 94.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

60022
+26.2%
60062
+12.2%
60093
+10.5%
60035
+7.7%

Housing Supply in 60022, IL

How many homes are available in 60022, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2831+10.7%

Summary: The 60022 real estate market had 31 homes for sale in November 2024, a 10.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 1012
+20.0%
5+ 1616
0.0%

Summary: The 60022 housing inventory by bedroom type for November 2024 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 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60022, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 60022 in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 60022, IL

How long does it take to sell a home in 60022, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days14 Days-67.9%

Summary: Homes in 60022 had an average of 14 days on market in Nov 2024, down by 67.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60022 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 60022; 89% of homes were sold within 30 days, 11% 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 17 Days Ago

Newest Listings in 60022, IL

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