Is 60140, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60140 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60140 has remained a Seller's Market.

Key Takeaway

60140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60140, IL

How much do homes in 60140, IL cost?

Median Sold Price

$335,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-4.3%)

Key Takeaway

Homes in 60140 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 60140 was $335,000 in October 2024, down 4.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $258.9K$273.4K
+5.6%
3 $290K$308.7K
+6.5%
4 $416.7K$444.9K
+6.8%
5+ $437.5K$465K
+6.3%

Summary: 60140 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 increased by 5.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

60124
+9.0%
60142
+5.4%
60136
0.4%
60140
-4.3%

Housing Supply in 60140, IL

How many homes are available in 60140, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
160165+3.1%

Summary: The 60140 real estate market had 165 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4442
-4.5%
3 6165
+6.6%
4 4850
+4.2%
5+ 78
+14.3%

Summary: The 60140 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 4.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4239-7.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60140, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 60140 in October 2024, down by 7.1% month-over-month. Of the 39 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for 60140, IL

How long does it take to sell a home in 60140, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days37 Days+34.6%

Summary: Homes in 60140 had an average of 37 days on market in Oct 2024, up by 34.6% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60140 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 60140; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% 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 60140, IL

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