Is 60120, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60120 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60120 has remained a Seller's Market.

Key Takeaway

60120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60120, IL

How much do homes in 60120, IL cost?

Median Sold Price

$285,050

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,717(+11.2%)

Key Takeaway

Homes in 60120 have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in 60120 was $285,050 in October 2024, up 11.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$175K
+12.9%
2 $215K$245K
+14.0%
3 $262.9K$299.9K
+14.1%
4 $335K$325K
-3.0%
5+ $332K$400K
+20.5%

Summary: 60120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Zip Codes

60120
+11.2%
60107
+11.1%
60192
+10.0%
60123
+9.6%
60103
+6.7%

Housing Supply in 60120, IL

How many homes are available in 60120, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112114+1.8%

Summary: The 60120 real estate market had 114 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 3737
0.0%
3 3235
+9.4%
4 2830
+7.1%
5+ 1312
-7.7%

Summary: The 60120 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 remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4035-12.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60120, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 60120 in October 2024, down by 12.5% month-over-month. Of the 35 sold homes, 34% were sold under asking, 17% were sold at asking, and 49% were sold over asking.

Days on Market for 60120, IL

How long does it take to sell a home in 60120, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days15 Days-24.9%

Summary: Homes in 60120 had an average of 15 days on market in Oct 2024, down by 24.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60120 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 60120; 83% of homes were sold within 30 days, 14% 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 60120, IL

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