Is 60608, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 60608 was a Seller's Market.
Housing Prices in 60608, IL
How much do homes in 60608, IL cost?
Median Sold Price
$368,333
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60608 was $368,333 in February 2024, up 2.3% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $230K | +0.7% |
2 Bedrooms | $315K | $325K | +3.2% |
3 Bedrooms | $464.5K | $435K | -6.4% |
4 Bedrooms | $465K | $422K | -9.2% |
5+ Bedrooms | $475K | $457.5K | -3.7% |
Summary: 60608 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 60608, IL
How many homes are available in 60608, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
103 | 141 | +36.9% |
Summary: The 60608 real estate market had 141 homes for sale in February 2024, a 36.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 17 | 31 | +82.4% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 13 | 20 | +53.8% |
5+ Bedrooms | 34 | 43 | +26.5% |
Summary: The 60608 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 82.4%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 60608 in February 2024, the same as the previous month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for 60608, IL
How long does it take to sell a home in 60608, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 28 Days | -47.8% |
Summary: Homes in 60608 had an average of 28 days on market in Feb 2024, down by 47.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in 60608; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.