Is 60156, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60156 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60156 has remained a Seller's Market.

Key Takeaway

60156 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60156, IL

How much do homes in 60156, IL cost?

Median Sold Price

$326,400

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,400(+4.3%)

Key Takeaway

Homes in 60156 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 60156 was $326,400 in October 2024, up 4.3% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $122.2K$135K
+10.4%
2 $225K$235K
+4.4%
3 $310K$330K
+6.5%
4 $395K$405K
+2.5%
5+ $422.5K$461.7K
+9.3%

Summary: 60156 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

60102
+8.7%
60014
+8.2%
60013
+7.5%
60142
+5.4%
60156
+4.3%

Housing Supply in 60156, IL

How many homes are available in 60156, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
85101+18.8%

Summary: The 60156 real estate market had 101 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 1621
+31.3%
3 3845
+18.4%
4 2527
+8.0%
5+ 66
0.0%

Summary: The 60156 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2528+12.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60156, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 60156 in October 2024, up by 12.0% month-over-month. Of the 28 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.

Days on Market for 60156, IL

How long does it take to sell a home in 60156, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days14 Days+21.2%

Summary: Homes in 60156 had an average of 14 days on market in Oct 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60156 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 60156; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 60156, IL

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