Is 60115, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60115 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60115 has remained a Seller's Market.

Key Takeaway

60115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60115, IL

How much do homes in 60115, IL cost?

Median Sold Price

$237,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,125(+11.3%)

Key Takeaway

Homes in 60115 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 60115 was $237,000 in October 2024, up 11.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $136K$226.5K
+66.5%
2 $170K$190K
+11.8%
3 $220K$237K
+7.7%
4 $250K$312.5K
+25.0%
5+ $229.9K$275.5K
+19.8%

Summary: 60115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 19.8%.

Median Sold Price Compared To Nearby Zip Codes

60115
+11.3%
60112
+3.8%
60178
+3.4%
60150
-4.1%
60151
-6.8%

Housing Supply in 60115, IL

How many homes are available in 60115, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
94114+21.3%

Summary: The 60115 real estate market had 114 homes for sale in October 2024, a 21.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 3953
+35.9%
4 2430
+25.0%
5+ 1715
-11.8%

Summary: The 60115 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 14.3%, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2135+66.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60115, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 60115 in October 2024, up by 66.7% month-over-month. Of the 35 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.

Days on Market for 60115, IL

How long does it take to sell a home in 60115, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days21 Days+15.8%

Summary: Homes in 60115 had an average of 21 days on market in Oct 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60115 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 60115; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% 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 60115, IL

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