Is 60148, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60148 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $143.4K | +22.1% |
2 Bedrooms | $245K | $275K | +12.2% |
3 Bedrooms | $326K | $347.5K | +6.6% |
4 Bedrooms | $400K | $430K | +7.5% |
5+ Bedrooms | $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%.
Housing Supply in 60148, IL
How many homes are available in 60148, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 136 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 6 | -50.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 45 | 56 | +24.4% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 7 | 11 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 45 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 7 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
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.