Is 60107, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60107 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60107 has remained a Seller's Market.

Key Takeaway

60107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60107, IL

How much do homes in 60107, IL cost?

Median Sold Price

$305,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+11.1%)

Key Takeaway

Homes in 60107 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 60107 was $305,000 in October 2024, up 11.1% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$206.9K
+33.5%
2 $232K$256.7K
+10.7%
3 $285.5K$315K
+10.3%
4 $330K$372.5K
+12.9%
5+ $362K$350K
-3.3%

Summary: 60107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Zip Codes

60120
+11.2%
60107
+11.1%
60192
+10.0%
60133
+9.1%
60103
+6.7%

Housing Supply in 60107, IL

How many homes are available in 60107, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128138+7.8%

Summary: The 60107 real estate market had 138 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 2528
+12.0%
3 7474
0.0%
4 2029
+45.0%
5+ 77
0.0%

Summary: The 60107 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12%, 3 bedroom homes remained the same, 4 bedroom homes increased by 45%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4938-22.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60107, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in 60107 in October 2024, down by 22.4% month-over-month. Of the 38 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.

Days on Market for 60107, IL

How long does it take to sell a home in 60107, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days18 Days+35.5%

Summary: Homes in 60107 had an average of 18 days on market in Oct 2024, up by 35.5% compared to last year.

Breakdown of Home Sale Times

31 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 60107 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 38 homes were sold in 60107; 82% of homes were sold within 30 days, 16% 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 60107, IL

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