Is 60201, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60201 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60201 has remained a Seller's Market.

Key Takeaway

60201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60201, IL

How much do homes in 60201, IL cost?

Median Sold Price

$459,950

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,450(+2.8%)

Key Takeaway

Homes in 60201 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 60201 was $459,950 in October 2024, up 2.8% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222.5K$243K
+9.2%
2 $304.1K$380K
+24.9%
3 $579K$550K
-5.0%
4 $891.5K$950K
+6.6%
5+ $1.0M$1.2M
+18.9%

Summary: 60201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 24.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Zip Codes

60202
+14.7%
60201
+2.8%

Housing Supply in 60201, IL

How many homes are available in 60201, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112109-2.7%

Summary: The 60201 real estate market had 109 homes for sale in October 2024, a 2.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1610
-37.5%
2 3735
-5.4%
3 3132
+3.2%
4 1513
-13.3%
5+ 1319
+46.2%

Summary: The 60201 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3037+23.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60201, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 60201 in October 2024, up by 23.3% month-over-month. Of the 37 sold homes, 41% were sold under asking, 22% were sold at asking, and 38% were sold over asking.

Days on Market for 60201, IL

How long does it take to sell a home in 60201, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days15 Days-2.1%

Summary: Homes in 60201 had an average of 15 days on market in Oct 2024, down by 2.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60201 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 37 homes were sold in 60201; 81% of homes were sold within 30 days, 19% 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 15 Days Ago

Newest Listings in 60201, IL

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