Is 60618, 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, 60618 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188.1K | $198.9K | +5.7% |
2 Bedrooms | $331.8K | $360.5K | +8.6% |
3 Bedrooms | $585K | $589K | +0.7% |
4 Bedrooms | $706K | $750K | +6.2% |
5+ Bedrooms | $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%.
Housing Supply in 60618, IL
How many homes are available in 60618, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
246 | 313 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 15 | -16.7% |
2 Bedrooms | 53 | 71 | +34.0% |
3 Bedrooms | 73 | 92 | +26.0% |
4 Bedrooms | 38 | 44 | +15.8% |
5+ Bedrooms | 64 | 91 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 79 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 19 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
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.