Is 60188, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60188 has remained a Seller's Market.
Housing Prices in 60188, IL
How much do homes in 60188, IL cost?
Median Sold Price
$331,050
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60188 was $331,050 in April 2024, up 6.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.7K | $155K | +20.4% |
2 Bedrooms | $233.5K | $242.5K | +3.9% |
3 Bedrooms | $309.7K | $333.7K | +7.7% |
4 Bedrooms | $398.2K | $431.7K | +8.4% |
5+ Bedrooms | $589K | $504K | -14.4% |
Summary: 60188 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in 60188, IL
How many homes are available in 60188, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 76 | -8.4% |
Summary: The 60188 real estate market had 76 homes for sale in April 2024, a 8.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 23 | 20 | -13.0% |
3 Bedrooms | 33 | 27 | -18.2% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 60188 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 21 | -44.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60188 in April 2024, down by 44.7% month-over-month. Of the 21 sold homes, 24% were sold under asking, 5% were sold at asking, and 71% were sold over asking.
Days on Market for 60188, IL
How long does it take to sell a home in 60188, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 7 Days | -64.1% |
Summary: Homes in 60188 had an average of 7 days on market in Apr 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in 60188; 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.