Is 60548, 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, 60548 has remained a Seller's Market.
Housing Prices in 60548, IL
How much do homes in 60548, IL cost?
Median Sold Price
$289,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60548 was $289,000 in April 2024, up 11.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $188.5K | $190K | +0.8% |
3 Bedrooms | $264.2K | $289.5K | +9.6% |
4 Bedrooms | $299K | $334.2K | +11.8% |
5+ Bedrooms | $270K | $354K | +31.1% |
Summary: 60548 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in 60548, IL
How many homes are available in 60548, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The 60548 real estate market had 37 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 60548 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 60548 in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 60548, IL
How long does it take to sell a home in 60548, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 42 Days | +311.6% |
Summary: Homes in 60548 had an average of 42 days on market in Apr 2024, up by 311.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 60548; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.