Is 60139, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60139 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60139 has remained a Seller's Market.

Key Takeaway

60139 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60139, IL

How much do homes in 60139, IL cost?

Median Sold Price

$290,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+16.0%)

Key Takeaway

Homes in 60139 have sold for 16% more than they did a year ago.

Summary: The median home sold price in 60139 was $290,000 in October 2024, up 16% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $118.5K$131K
+10.5%
2 $170K$188.5K
+10.9%
3 $285K$310.5K
+8.9%
4 $320K$381K
+19.1%
5+ $315K$315K
0.0%

Summary: 60139 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60139
+16.0%
60188
+11.9%
60137
+8.5%
60101
+3.4%
60108
+3.2%

Housing Supply in 60139, IL

How many homes are available in 60139, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7093+32.9%

Summary: The 60139 real estate market had 93 homes for sale in October 2024, a 32.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 25
+150.0%
2 3035
+16.7%
3 2937
+27.6%
4 815
+87.5%
5+ 11
0.0%

Summary: The 60139 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60139, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 60139 in October 2024, up by 47.1% month-over-month. Of the 25 sold homes, 24% were sold under asking, 20% were sold at asking, and 56% were sold over asking.

Days on Market for 60139, IL

How long does it take to sell a home in 60139, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days21 Days+36.6%

Summary: Homes in 60139 had an average of 21 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

19 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 60139 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 60139; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% 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 60139, IL

Nearby Markets to 60139, IL