Is 60134, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60134 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60134 has remained a Seller's Market.

Key Takeaway

60134 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60134, IL

How much do homes in 60134, IL cost?

Median Sold Price

$469,241

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,241(+4.3%)

Key Takeaway

Homes in 60134 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 60134 was $469,241 in October 2024, up 4.3% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $269K$247.5K
-8.0%
2 $291.7K$350K
+20.0%
3 $402.5K$408.5K
+1.5%
4 $527.5K$533K
+1.0%
5+ $618.5K$635K
+2.7%

Summary: 60134 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

60175
+11.6%
60185
+11.0%
60510
+9.2%
60174
+6.3%
60134
+4.3%

Housing Supply in 60134, IL

How many homes are available in 60134, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108111+2.8%

Summary: The 60134 real estate market had 111 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1614
-12.5%
3 4547
+4.4%
4 3236
+12.5%
5+ 1514
-6.7%

Summary: The 60134 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 decreased by 12.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2848+71.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60134, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in 60134 in October 2024, up by 71.4% month-over-month. Of the 48 sold homes, 38% were sold under asking, 17% were sold at asking, and 46% were sold over asking.

Days on Market for 60134, IL

How long does it take to sell a home in 60134, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days16 Days-27.2%

Summary: Homes in 60134 had an average of 16 days on market in Oct 2024, down by 27.2% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60134 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 60134; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% 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 60134, IL

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