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 October 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

$316,416

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,416(+15.1%)

Key Takeaway

Homes in 60098 have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in 60098 was $316,416 in October 2024, up 15.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108.5K$126.5K
+16.6%
2 $215K$225K
+4.7%
3 $279.9K$299.9K
+7.2%
4 $375.5K$382.5K
+1.9%
5+ $390K$485K
+24.4%

Summary: 60098 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Zip Codes

60098
+15.1%
60012
+13.6%
60014
+8.2%
60097
+7.6%

Housing Supply in 60098, IL

How many homes are available in 60098, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
134129-3.7%

Summary: The 60098 real estate market had 129 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 3128
-9.7%
3 5146
-9.8%
4 4035
-12.5%
5+ 1120
+81.8%

Summary: The 60098 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 81.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3733-10.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60098, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60098 in October 2024, down by 10.8% month-over-month. Of the 33 sold homes, 33% were sold under asking, 21% were sold at asking, and 45% 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

Oct 2023Oct 2024CHANGE
19 Days33 Days+69.5%

Summary: Homes in 60098 had an average of 33 days on market in Oct 2024, up by 69.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 33 homes were sold in 60098; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 60098, IL

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