Is 60018, 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, 60018 has remained a Seller's Market.
Housing Prices in 60018, IL
How much do homes in 60018, IL cost?
Median Sold Price
$340,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60018 was $340,000 in March 2024, up 3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103K | $120K | +16.5% |
2 Bedrooms | $240K | $280K | +16.7% |
3 Bedrooms | $330K | $344.3K | +4.4% |
4 Bedrooms | $395K | $430K | +8.9% |
5+ Bedrooms | $568K | $492.5K | -13.3% |
Summary: 60018 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 13.3%.
Housing Supply in 60018, IL
How many homes are available in 60018, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Summary: The 60018 real estate market had 47 homes for sale in March 2024, a 23.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 60018 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 60018 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for 60018, IL
How long does it take to sell a home in 60018, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 11 Days | -64.3% |
Summary: Homes in 60018 had an average of 11 days on market in Mar 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 60018; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.