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 4 Days Ago

Newest Listings in 60142, IL

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