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 21 Days Ago

Newest Listings in 60120, IL

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