Is 60185, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60185 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60185 has remained a Seller's Market.

Key Takeaway

60185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60185, IL

How much do homes in 60185, IL cost?

Median Sold Price

$375,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,000(+10.3%)

Key Takeaway

Homes in 60185 have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in 60185 was $375,000 in March 2024, up 10.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $95K$169.9K
+78.8%
2 $238.7K$260K
+8.9%
3 $298K$350K
+17.4%
4 $420K$455K
+8.3%
5+ $515K$485K
-5.8%

Summary: 60185 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

60555
+12.1%
60185
+10.3%
60190
+7.6%
60188
+6.1%

Housing Supply in 60185, IL

How many homes are available in 60185, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4554+20.0%

Summary: The 60185 real estate market had 54 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 510
+100.0%
3 1621
+31.3%
4 2018
-10.0%
5+ 13
+200.0%

Summary: The 60185 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
918+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60185, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 60185 in March 2024, up by 100.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for 60185, IL

How long does it take to sell a home in 60185, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
16 Days18 Days+10.4%

Summary: Homes in 60185 had an average of 18 days on market in Mar 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60185 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in 60185; 78% of homes were sold within 30 days, 22% 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 25 Days Ago

Newest Listings in 60185, IL

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