Is 60123, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60123 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60123 has remained a Seller's Market.

Key Takeaway

60123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60123, IL

How much do homes in 60123, IL cost?

Median Sold Price

$286,550

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,550(+10.2%)

Key Takeaway

Homes in 60123 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 60123 was $286,550 in November 2024, up 10.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$106.3K
-24.0%
2 $221K$246K
+11.3%
3 $270K$297.2K
+10.1%
4 $322.9K$350K
+8.4%
5+ $360K$427K
+18.6%

Summary: 60123 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

60118
+18.0%
60120
+13.4%
60123
+10.2%
60124
+8.6%
60177
+4.5%

Housing Supply in 60123, IL

How many homes are available in 60123, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116123+6.0%

Summary: The 60123 real estate market had 123 homes for sale in November 2024, a 6.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 3341
+24.2%
3 4849
+2.1%
4 2524
-4.0%
5+ 75
-28.6%

Summary: The 60123 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
33330.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60123, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60123 in November 2024, the same as the previous month. Of the 33 sold homes, 33% were sold under asking, 24% were sold at asking, and 42% were sold over asking.

Days on Market for 60123, IL

How long does it take to sell a home in 60123, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days16 Days+14.7%

Summary: Homes in 60123 had an average of 16 days on market in Nov 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60123 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in 60123; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in 60123, IL

Nearby Markets to 60123, IL