Is 60150, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60150 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 60150 was a Seller's Market.

Key Takeaway

60150 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60150, IL

How much do homes in 60150, IL cost?

Median Sold Price

$220,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$10,000(-4.3%)

Key Takeaway

Homes in 60150 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 60150 was $220,000 in April 2024, down 4.3% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $87.5K$156.7K
+79.1%
3 $225K$242.2K
+7.7%
4 $245K$284K
+15.9%
5+ $255K$176.6K
-30.7%

Summary: 60150 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 30.7%.

Median Sold Price Compared To Nearby Zip Codes

60115
+15.9%
61068
+10.3%
60150
-4.3%

Housing Supply in 60150, IL

How many homes are available in 60150, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98-11.1%

Summary: The 60150 real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 60150 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60150, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 60150 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 60150, IL

How long does it take to sell a home in 60150, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
125 Days5 Days-96.0%

Summary: Homes in 60150 had an average of 5 days on market in Apr 2024, down by 96% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60150 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 60150; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in 60150, IL

Nearby Markets to 60150, IL