Is 60618, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60618 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60618 has remained a Seller's Market.

Key Takeaway

60618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60618, IL

How much do homes in 60618, IL cost?

Median Sold Price

$543,887

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,282(+1.0%)

Key Takeaway

Homes in 60618 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 60618 was $543,887 in April 2024, up 1% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $188.1K$198.9K
+5.7%
2 $331.8K$360.5K
+8.6%
3 $585K$589K
+0.7%
4 $706K$750K
+6.2%
5+ $727.9K$700K
-3.8%

Summary: 60618 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

60647
+6.8%
60625
+6.1%
60641
+5.0%
60613
+4.5%
60618
+1.0%

Housing Supply in 60618, IL

How many homes are available in 60618, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
246313+27.2%

Summary: The 60618 real estate market had 313 homes for sale in April 2024, a 27.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1815
-16.7%
2 5371
+34.0%
3 7392
+26.0%
4 3844
+15.8%
5+ 6491
+42.2%

Summary: The 60618 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 42.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6279+27.4%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60618, you could pay more than the asking price. 43% of homes here sold above asking price last month.

Summary: A total of 79 homes were sold or pending in 60618 in April 2024, up by 27.4% month-over-month. Of the 79 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.

Days on Market for 60618, IL

How long does it take to sell a home in 60618, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days19 Days-39.1%

Summary: Homes in 60618 had an average of 19 days on market in Apr 2024, down by 39.1% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60618 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 79 homes were sold in 60618; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 60618, IL

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