Is 60008, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60008 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60008 has remained a Seller's Market.

Key Takeaway

60008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60008, IL

How much do homes in 60008, IL cost?

Median Sold Price

$310,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+19.2%)

Key Takeaway

Homes in 60008 have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in 60008 was $310,000 in October 2024, up 19.2% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $143.5K$158.5K
+10.5%
2 $210K$261K
+24.3%
3 $303K$350K
+15.5%
4 $406.5K$415K
+2.1%
5+ $473.4K$630K
+33.1%

Summary: 60008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 33.1%.

Median Sold Price Compared To Nearby Zip Codes

60173
+23.4%
60008
+19.2%
60005
+9.7%
60067
+8.9%
60074
+2.0%

Housing Supply in 60008, IL

How many homes are available in 60008, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7483+12.2%

Summary: The 60008 real estate market had 83 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 69
+50.0%
2 3540
+14.3%
3 2121
0.0%
4 1113
+18.2%
5+ 10
-100.0%

Summary: The 60008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60008, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 60008 in October 2024, down by 18.5% month-over-month. Of the 22 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.

Days on Market for 60008, IL

How long does it take to sell a home in 60008, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days15 Days-11.3%

Summary: Homes in 60008 had an average of 15 days on market in Oct 2024, down by 11.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60008 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 60008; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in 60008, IL

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