Is 60126, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60126 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60126 has remained a Seller's Market.

Key Takeaway

60126 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60126, IL

How much do homes in 60126, IL cost?

Median Sold Price

$568,460

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$68,860(+13.8%)

Key Takeaway

Homes in 60126 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 60126 was $568,460 in October 2024, up 13.8% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $143.9K$150K
+4.2%
2 $285K$325K
+14.0%
3 $415K$480K
+15.7%
4 $855K$942.5K
+10.2%
5+ $942.5K$1.1M
+22.5%

Summary: 60126 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

60181
+15.5%
60126
+13.8%
60162
+9.6%
60164
+5.0%
60163
-7.0%

Housing Supply in 60126, IL

How many homes are available in 60126, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147174+18.4%

Summary: The 60126 real estate market had 174 homes for sale in October 2024, a 18.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1617
+6.3%
3 4965
+32.7%
4 6167
+9.8%
5+ 1922
+15.8%

Summary: The 60126 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3430-11.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60126, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 60126 in October 2024, down by 11.8% month-over-month. Of the 30 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.

Days on Market for 60126, IL

How long does it take to sell a home in 60126, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days23 Days-5.3%

Summary: Homes in 60126 had an average of 23 days on market in Oct 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

24 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 60126 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 60126; 80% of homes were sold within 30 days, 17% 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 14 Days Ago

Newest Listings in 60126, IL

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