Is 60103, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60103 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60103 has remained a Seller's Market.

Key Takeaway

60103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60103, IL

How much do homes in 60103, IL cost?

Median Sold Price

$381,458

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,991(+6.7%)

Key Takeaway

Homes in 60103 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 60103 was $381,458 in October 2024, up 6.7% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $157K$162K
+3.2%
2 $270K$293.5K
+8.7%
3 $350K$375.5K
+7.3%
4 $450K$474K
+5.3%
5+ $520K$557.5K
+7.2%

Summary: 60103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

60120
+11.2%
60107
+11.1%
60133
+9.1%
60103
+6.7%
60184
-0.3%

Housing Supply in 60103, IL

How many homes are available in 60103, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135133-1.5%

Summary: The 60103 real estate market had 133 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2323
0.0%
3 7068
-2.9%
4 4038
-5.0%
5+ 24
+100.0%

Summary: The 60103 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4248+14.3%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60103, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 60103 in October 2024, up by 14.3% month-over-month. Of the 48 sold homes, 60% were sold under asking, 10% were sold at asking, and 29% were sold over asking.

Days on Market for 60103, IL

How long does it take to sell a home in 60103, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days18 Days+8.5%

Summary: Homes in 60103 had an average of 18 days on market in Oct 2024, up by 8.5% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60103 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 60103; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% 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 60103, IL

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