Is 60110, 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, 60110 has remained a Seller's Market.
Housing Prices in 60110, IL
How much do homes in 60110, IL cost?
Median Sold Price
$250,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60110 was $250,000 in March 2024, up 8.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.9K | $159.4K | +19.1% |
2 Bedrooms | $198.4K | $228.5K | +15.1% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $375K | $372.5K | -0.7% |
5+ Bedrooms | $455K | $447.4K | -1.7% |
Summary: 60110 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 60110, IL
How many homes are available in 60110, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 66 | 0.0% |
Summary: The 60110 real estate market had 66 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 37 | 32 | -13.5% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 60110 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 60110 in March 2024, down by 9.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% were sold over asking.
Days on Market for 60110, IL
How long does it take to sell a home in 60110, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +45.1% |
Summary: Homes in 60110 had an average of 26 days on market in Mar 2024, up by 45.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 60110; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.