Is 60148, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60148 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60148 has remained a Seller's Market.

Key Takeaway

60148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60148, IL

How much do homes in 60148, IL cost?

Median Sold Price

$326,060

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,060(+5.2%)

Key Takeaway

Homes in 60148 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 60148 was $326,060 in April 2024, up 5.2% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $117.5K$143.4K
+22.1%
2 $245K$275K
+12.2%
3 $326K$347.5K
+6.6%
4 $400K$430K
+7.5%
5+ $487.5K$427.9K
-12.2%

Summary: 60148 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 12.2%.

Median Sold Price Compared To Nearby Zip Codes

60139
+8.4%
60137
+7.4%
60101
+7.2%
60181
+6.0%
60148
+5.2%

Housing Supply in 60148, IL

How many homes are available in 60148, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
121136+12.4%

Summary: The 60148 real estate market had 136 homes for sale in April 2024, a 12.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 126
-50.0%
2 3737
0.0%
3 4556
+24.4%
4 2026
+30.0%
5+ 711
+57.1%

Summary: The 60148 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4245+7.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60148, you could pay more than the asking price. 57.8% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in 60148 in April 2024, up by 7.1% month-over-month. Of the 45 sold homes, 27% were sold under asking, 16% were sold at asking, and 58% were sold over asking.

Days on Market for 60148, IL

How long does it take to sell a home in 60148, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days7 Days-41.0%

Summary: Homes in 60148 had an average of 7 days on market in Apr 2024, down by 41% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60148 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 45 homes were sold in 60148; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in 60148, IL

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