Is 60098, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60098 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60098 has remained a Seller's Market.

Key Takeaway

60098 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$7,733(+2.7%)

Key Takeaway

Homes in 60098 have sold for 2.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $100K$112K
+12.0%
2 $192.5K$215K
+11.7%
3 $275K$285K
+3.6%
4 $362K$389.9K
+7.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60097
+16.8%
60012
+12.1%
60014
+9.6%
60098
+2.7%

Housing Supply in 60098, IL

How many homes are available in 60098, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96105+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

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 1312
-7.7%
3 3641
+13.9%
4 3037
+23.3%
5+ 1615
-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 2024Apr 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60098, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
23 Days44 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60098 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 60098, IL

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