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 4 Days Ago

Newest Listings in 60124, IL

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