Is 60102, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60102 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60102 has remained a Seller's Market.

Key Takeaway

60102 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60102, IL

How much do homes in 60102, IL cost?

Median Sold Price

$384,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,824(+8.7%)

Key Takeaway

Homes in 60102 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 60102 was $384,250 in October 2024, up 8.7% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $142K$186.4K
+31.3%
2 $285K$300K
+5.3%
3 $320K$339.9K
+6.2%
4 $432.7K$465K
+7.5%
5+ $425K$550K
+29.4%

Summary: 60102 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 29.4%.

Median Sold Price Compared To Nearby Zip Codes

60021
+27.5%
60118
+11.8%
60102
+8.7%
60110
+8.5%
60156
+4.3%

Housing Supply in 60102, IL

How many homes are available in 60102, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128156+21.9%

Summary: The 60102 real estate market had 156 homes for sale in October 2024, a 21.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3538
+8.6%
3 4259
+40.5%
4 4144
+7.3%
5+ 913
+44.4%

Summary: The 60102 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 8.6%, 3 bedroom homes increased by 40.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3640+11.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60102, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 60102 in October 2024, up by 11.1% month-over-month. Of the 40 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% were sold over asking.

Days on Market for 60102, IL

How long does it take to sell a home in 60102, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days20 Days-7.0%

Summary: Homes in 60102 had an average of 20 days on market in Oct 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60102 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 60102; 83% of homes were sold within 30 days, 15% 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 60102, IL

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