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 November 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

$482,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,000(+7.1%)

Key Takeaway

Homes in 60134 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 60134 was $482,000 in November 2024, up 7.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$247.5K
-13.2%
2 $298.6K$348K
+16.5%
3 $400K$410K
+2.5%
4 $520K$538K
+3.5%
5+ $630K$656.2K
+4.2%

Summary: 60134 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

60175
+11.2%
60185
+8.6%
60174
+8.2%
60134
+7.1%
60510
+6.0%

Housing Supply in 60134, IL

How many homes are available in 60134, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10377-25.2%

Summary: The 60134 real estate market had 77 homes for sale in November 2024, a 25.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 159
-40.0%
3 4232
-23.8%
4 3425
-26.5%
5+ 1211
-8.3%

Summary: The 60134 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4922-55.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60134, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 60134 in November 2024, down by 55.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
17 Days16 Days-4.1%

Summary: Homes in 60134 had an average of 16 days on market in Nov 2024, down by 4.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 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 November 2024, 22 homes were sold in 60134; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% 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 60134, IL

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