Is 60185, 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, 60185 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $169.9K | +78.8% |
2 Bedrooms | $238.7K | $260K | +8.9% |
3 Bedrooms | $298K | $350K | +17.4% |
4 Bedrooms | $420K | $455K | +8.3% |
5+ Bedrooms | $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%.
Housing Supply in 60185, IL
How many homes are available in 60185, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 54 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 1 | 3 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 18 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 18 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
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.