Is 60194, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60194 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60194 has remained a Seller's Market.

Key Takeaway

60194 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60194, IL

How much do homes in 60194, IL cost?

Median Sold Price

$300,000

$226/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 60194 has remained the same since last year.

Summary: The median home sold price in 60194 was $300,000 in October 2024, the same as last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $191K$222.5K
+16.5%
2 $244.6K$270K
+10.4%
3 $357.4K$367K
+2.7%
4 $430K$450K
+4.6%
5+ $470K$518.5K
+10.3%

Summary: 60194 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

60169
+25.4%
60173
+23.4%
60195
+7.7%
60193
+7.6%
60194
0.0%

Housing Supply in 60194, IL

How many homes are available in 60194, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6867-1.5%

Summary: The 60194 real estate market had 67 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3529
-17.1%
3 2022
+10.0%
4 1010
0.0%
5+ 36
+100.0%

Summary: The 60194 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 17.1%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2517-32.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60194, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 60194 in October 2024, down by 32.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.

Days on Market for 60194, IL

How long does it take to sell a home in 60194, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days10 Days+23.2%

Summary: Homes in 60194 had an average of 10 days on market in Oct 2024, up by 23.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60194 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 60194; 100% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in 60194, IL

Nearby Markets to 60194, IL