Is 60914, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60914 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60914 has remained a Seller's Market.

Key Takeaway

60914 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60914, IL

How much do homes in 60914, IL cost?

Median Sold Price

$295,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,100(+9.7%)

Key Takeaway

Homes in 60914 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 60914 was $295,000 in November 2024, up 9.7% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K-
N/A
2 $195K$212.5K
+9.0%
3 $253K$280.7K
+11.0%
4 $295.8K$325K
+9.9%
5+ $337.5K$351K
+4.0%

Summary: 60914 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Zip Codes

60954
+13.3%
60950
+10.9%
60914
+9.7%
60901
+7.6%
60915
+4.3%

Housing Supply in 60914, IL

How many homes are available in 60914, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7877-1.3%

Summary: The 60914 real estate market had 77 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 4845
-6.3%
4 1822
+22.2%
5+ 21
-50.0%

Summary: The 60914 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60914, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 60914 in November 2024, down by 5.3% month-over-month. Of the 18 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.

Days on Market for 60914, IL

How long does it take to sell a home in 60914, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days23 Days-41.5%

Summary: Homes in 60914 had an average of 23 days on market in Nov 2024, down by 41.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60914 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 60914; 72% of homes were sold within 30 days, 28% 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 17 Days Ago

Newest Listings in 60914, IL

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