Is 60142, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60142 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60142 has remained a Seller's Market.

Key Takeaway

60142 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60142, IL

How much do homes in 60142, IL cost?

Median Sold Price

$363,754

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,754(+5.4%)

Key Takeaway

Homes in 60142 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 60142 was $363,754 in October 2024, up 5.4% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $228.5K$248.9K
+8.9%
2 $315K$335K
+6.3%
3 $359K$390.5K
+8.8%
4 $449.9K$472.9K
+5.1%
5+ $525K$569.9K
+8.6%

Summary: 60142 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

60102
+8.7%
60142
+5.4%
60156
+4.3%
60136
0.4%

Housing Supply in 60142, IL

How many homes are available in 60142, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
198188-5.1%

Summary: The 60142 real estate market had 188 homes for sale in October 2024, a 5.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 8577
-9.4%
3 4850
+4.2%
4 5649
-12.5%
5+ 69
+50.0%

Summary: The 60142 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 9.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7257-20.8%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60142, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in 60142 in October 2024, down by 20.8% month-over-month. Of the 57 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.

Days on Market for 60142, IL

How long does it take to sell a home in 60142, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days22 Days+26.7%

Summary: Homes in 60142 had an average of 22 days on market in Oct 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60142 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 57 homes were sold in 60142; 77% of homes were sold within 30 days, 18% 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 20 Days Ago

Newest Listings in 60142, IL

Nearby Markets to 60142, IL