Is 60008, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60008 has remained a Seller's Market.
Housing Prices in 60008, IL
How much do homes in 60008, IL cost?
Median Sold Price
$280,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60008 was $280,000 in March 2024, up 9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $152.5K | +28.2% |
2 Bedrooms | $188.5K | $228K | +21.0% |
3 Bedrooms | $315K | $310K | -1.6% |
4 Bedrooms | $385K | $395K | +2.6% |
5+ Bedrooms | $437.5K | $461.6K | +5.5% |
Summary: 60008 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 60008, IL
How many homes are available in 60008, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 54 | +31.7% |
Summary: The 60008 real estate market had 54 homes for sale in March 2024, a 31.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 26 | 28 | +7.7% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 60008 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 60008 in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for 60008, IL
How long does it take to sell a home in 60008, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 10 Days | -46.5% |
Summary: Homes in 60008 had an average of 10 days on market in Mar 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 60008; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.