Is 60118, 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, 60118 has remained a Seller's Market.
Housing Prices in 60118, IL
How much do homes in 60118, IL cost?
Median Sold Price
$350,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60118 was $350,000 in March 2024, up 1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $57K | +9.6% |
2 Bedrooms | $221.2K | $225K | +1.7% |
3 Bedrooms | $288K | $325K | +12.8% |
4 Bedrooms | $425K | $437.4K | +2.9% |
5+ Bedrooms | $480K | $490K | +2.1% |
Summary: 60118 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 60118, IL
How many homes are available in 60118, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 45 | +45.2% |
Summary: The 60118 real estate market had 45 homes for sale in March 2024, a 45.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 8 | +300.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 60118 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 increased by 300%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 60118 in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 60118, IL
How long does it take to sell a home in 60118, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 11 Days | -50.5% |
Summary: Homes in 60118 had an average of 11 days on market in Mar 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 60118; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.