Is 60192, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60192 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60192 has remained a Seller's Market.

Key Takeaway

60192 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60192, IL

How much do homes in 60192, IL cost?

Median Sold Price

$462,500

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,874(+10.0%)

Key Takeaway

Homes in 60192 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 60192 was $462,500 in October 2024, up 10% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$247K
+9.8%
2 $320K$357.7K
+11.8%
3 $355K$414.9K
+16.9%
4 $484K$525K
+8.5%
5+ $580K$635K
+9.5%

Summary: 60192 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

60120
+11.2%
60107
+11.1%
60192
+10.0%
60195
+7.7%

Housing Supply in 60192, IL

How many homes are available in 60192, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4846-4.2%

Summary: The 60192 real estate market had 46 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 1416
+14.3%
4 2220
-9.1%
5+ 31
-66.7%

Summary: The 60192 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60192, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60192 in October 2024, down by 45.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for 60192, IL

How long does it take to sell a home in 60192, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days17 Days-9.1%

Summary: Homes in 60192 had an average of 17 days on market in Oct 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60192 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 60192; 82% of homes were sold within 30 days, 18% 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 60192, IL

Nearby Markets to 60192, IL