Is 60048, 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, 60048 has remained a Seller's Market.
Housing Prices in 60048, IL
How much do homes in 60048, IL cost?
Median Sold Price
$552,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60048 was $552,500 in April 2024, up 5.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $141K | +19.0% |
2 Bedrooms | $287K | $235K | -18.1% |
3 Bedrooms | $387.4K | $382.5K | -1.3% |
4 Bedrooms | $600K | $630K | +5.0% |
5+ Bedrooms | $780K | $750K | -3.8% |
Summary: 60048 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 60048, IL
How many homes are available in 60048, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 120 | +29.0% |
Summary: The 60048 real estate market had 120 homes for sale in April 2024, a 29.0% 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 | 5 | 12 | +140.0% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 46 | 55 | +19.6% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 60048 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 increased by 140%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 60048 in April 2024, up by 45.8% month-over-month. Of the 35 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for 60048, IL
How long does it take to sell a home in 60048, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 14 Days | -47.2% |
Summary: Homes in 60048 had an average of 14 days on market in Apr 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 60048; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.