Is 60448, 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, 60448 has remained a Seller's Market.
Housing Prices in 60448, IL
How much do homes in 60448, IL cost?
Median Sold Price
$387,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60448 was $387,500 in March 2024, up 10.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $129K | +17.3% |
2 Bedrooms | $245K | $270K | +10.2% |
3 Bedrooms | $315K | $330K | +4.8% |
4 Bedrooms | $540K | $520K | -3.7% |
5+ Bedrooms | $552.5K | $657.5K | +19.0% |
Summary: 60448 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 19%.
Housing Supply in 60448, IL
How many homes are available in 60448, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 76 | +11.8% |
Summary: The 60448 real estate market had 76 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 60448 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 7.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 26 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60448 in March 2024, up by 100.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for 60448, IL
How long does it take to sell a home in 60448, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 16 Days | -18.1% |
Summary: Homes in 60448 had an average of 16 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 60448; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.