Is 60112, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60112 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60112 was a Seller's Market.

Key Takeaway

60112 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60112, IL

How much do homes in 60112, IL cost?

Median Sold Price

$274,950

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,950(+3.8%)

Key Takeaway

Homes in 60112 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 60112 was $274,950 in October 2024, up 3.8% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $204.9K-
N/A
2 $196K$230K
+17.3%
3 $265K$275K
+3.8%
4 $274K$302.9K
+10.5%
5+ $279.3K$230K
-17.7%

Summary: 60112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 17.7%.

Median Sold Price Compared To Nearby Zip Codes

60115
+11.3%
60112
+3.8%
60178
+3.4%
60151
-6.8%

Housing Supply in 60112, IL

How many homes are available in 60112, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3336+9.1%

Summary: The 60112 real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1520
+33.3%
4 139
-30.8%
5+ 00
0.0%

Summary: The 60112 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 increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60112, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 60112 in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for 60112, IL

How long does it take to sell a home in 60112, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days37 Days+152.0%

Summary: Homes in 60112 had an average of 37 days on market in Oct 2024, up by 152% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60112 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 60112; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 60112, IL

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