Is 60098, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60098 has remained a Seller's Market.
Housing Prices in 60098, IL
How much do homes in 60098, IL cost?
Median Sold Price
$297,700
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60098 was $297,700 in April 2024, up 2.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $112K | +12.0% |
2 Bedrooms | $192.5K | $215K | +11.7% |
3 Bedrooms | $275K | $285K | +3.6% |
4 Bedrooms | $362K | $389.9K | +7.7% |
5+ Bedrooms | $437.5K | $500K | +14.3% |
Summary: 60098 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in 60098, IL
How many homes are available in 60098, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 105 | +9.4% |
Summary: The 60098 real estate market had 105 homes for sale in April 2024, a 9.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 30 | 37 | +23.3% |
5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 60098 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 32 | -3.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 60098 in April 2024, down by 3.0% month-over-month. Of the 32 sold homes, 31% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for 60098, IL
How long does it take to sell a home in 60098, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 44 Days | +86.3% |
Summary: Homes in 60098 had an average of 44 days on market in Apr 2024, up by 86.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 60098; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.