Is 60108, 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, 60108 has remained a Seller's Market.
Housing Prices in 60108, IL
How much do homes in 60108, IL cost?
Median Sold Price
$345,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60108 was $345,500 in March 2024, down 1.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.8K | $169K | +13.5% |
2 Bedrooms | $228.5K | $264.5K | +15.8% |
3 Bedrooms | $363K | $376.5K | +3.7% |
4 Bedrooms | $445K | $447.5K | +0.6% |
5+ Bedrooms | $600K | $800K | +33.3% |
Summary: 60108 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 33.3%.
Housing Supply in 60108, IL
How many homes are available in 60108, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 75 | +41.5% |
Summary: The 60108 real estate market had 75 homes for sale in March 2024, a 41.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 12 | 23 | +91.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 60108 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 91.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 23 | +109.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 60108 in March 2024, up by 109.1% month-over-month. Of the 23 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for 60108, IL
How long does it take to sell a home in 60108, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 28 Days | +43.6% |
Summary: Homes in 60108 had an average of 28 days on market in Mar 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 60108; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.