Is 60098, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60098 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60098 has remained a Seller's Market.

Key Takeaway

60098 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60098, IL

How much do homes in 60098, IL cost?

Median Sold Price

$319,800

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,800(+16.3%)

Key Takeaway

Homes in 60098 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 60098 was $319,800 in November 2024, up 16.3% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K$126.5K
+12.9%
2 $219.5K$225K
+2.5%
3 $276K$300K
+8.7%
4 $385K$380K
-1.3%
5+ $385K$485K
+26.0%

Summary: 60098 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Zip Codes

60098
+16.3%
60012
+13.3%
60014
+8.1%
60097
+3.8%

Housing Supply in 60098, IL

How many homes are available in 60098, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
122113-7.4%

Summary: The 60098 real estate market had 113 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2825
-10.7%
3 4039
-2.5%
4 3532
-8.6%
5+ 1917
-10.5%

Summary: The 60098 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3341+24.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60098, you may be able to get a good deal. 36.6% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 60098 in November 2024, up by 24.2% month-over-month. Of the 41 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.

Days on Market for 60098, IL

How long does it take to sell a home in 60098, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days28 Days+21.2%

Summary: Homes in 60098 had an average of 28 days on market in Nov 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60098 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 41 homes were sold in 60098; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% 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 21 Days Ago

Newest Listings in 60098, IL

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