Is 60124, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60124 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60124 has remained a Seller's Market.

Key Takeaway

60124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60124, IL

How much do homes in 60124, IL cost?

Median Sold Price

$485,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+9.0%)

Key Takeaway

Homes in 60124 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 60124 was $485,000 in October 2024, up 9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $356K$355K
-0.3%
3 $378.1K$420K
+11.1%
4 $500K$519.9K
+4.0%
5+ $539.9K$571.5K
+5.8%

Summary: 60124 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 decreased by 0.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

60123
+9.6%
60124
+9.0%
60177
+5.0%
60136
0.4%
60140
-4.3%

Housing Supply in 60124, IL

How many homes are available in 60124, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
124144+16.1%

Summary: The 60124 real estate market had 144 homes for sale in October 2024, a 16.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1925
+31.6%
3 3037
+23.3%
4 5665
+16.1%
5+ 1917
-10.5%

Summary: The 60124 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 31.6%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2328+21.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60124, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60124 in October 2024, up by 21.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for 60124, IL

How long does it take to sell a home in 60124, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days23 Days-28.5%

Summary: Homes in 60124 had an average of 23 days on market in Oct 2024, down by 28.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60124 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 60124; 89% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 7% 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 60124, IL

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