Is 60181, 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, 60181 has remained a Seller's Market.
Housing Prices in 60181, IL
How much do homes in 60181, IL cost?
Median Sold Price
$310,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60181 was $310,000 in March 2024, up 6.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174K | $181.2K | +4.2% |
2 Bedrooms | $211.2K | $260K | +23.1% |
3 Bedrooms | $304K | $323K | +6.3% |
4 Bedrooms | $357.5K | $395K | +10.5% |
5+ Bedrooms | $425K | $540K | +27.1% |
Summary: 60181 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 27.1%.
Housing Supply in 60181, IL
How many homes are available in 60181, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 61 | +32.6% |
Summary: The 60181 real estate market had 61 homes for sale in March 2024, a 32.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 6 | 12 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 60181 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 60181 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for 60181, IL
How long does it take to sell a home in 60181, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 13 Days | -60.5% |
Summary: Homes in 60181 had an average of 13 days on market in Mar 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 60181; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.