Is 60178, 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, 60178 has remained a Seller's Market.
Housing Prices in 60178, IL
How much do homes in 60178, IL cost?
Median Sold Price
$305,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60178 was $305,500 in March 2024, up 22% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $285K | +14.0% |
2 Bedrooms | $176.2K | $205K | +16.3% |
3 Bedrooms | $257.5K | $321.8K | +25.0% |
4 Bedrooms | $315K | $387.5K | +23.0% |
5+ Bedrooms | $390K | $359K | -7.9% |
Summary: 60178 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 60178, IL
How many homes are available in 60178, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 77 | +22.2% |
Summary: The 60178 real estate market had 77 homes for sale in March 2024, a 22.2% 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 | 16 | 17 | +6.3% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 14 | 22 | +57.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 60178 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 6.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 60178 in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for 60178, IL
How long does it take to sell a home in 60178, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 61 Days | +101.1% |
Summary: Homes in 60178 had an average of 61 days on market in Mar 2024, up by 101.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 60178; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.