Is 60108, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60108 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60108 has remained a Seller's Market.

Key Takeaway

60108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60108, IL

How much do homes in 60108, IL cost?

Median Sold Price

$361,166

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,166(+3.2%)

Key Takeaway

Homes in 60108 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 60108 was $361,166 in October 2024, up 3.2% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168.5K$181.1K
+7.5%
2 $237.5K$305K
+28.4%
3 $378K$363.5K
-3.8%
4 $445K$475K
+6.7%
5+ $565K$580K
+2.7%

Summary: 60108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 28.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

60139
+16.0%
60172
+11.7%
60108
+3.2%

Housing Supply in 60108, IL

How many homes are available in 60108, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7387+19.2%

Summary: The 60108 real estate market had 87 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 2126
+23.8%
3 3338
+15.2%
4 1212
0.0%
5+ 45
+25.0%

Summary: The 60108 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60108, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 60108 in October 2024, down by 20.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% were sold over asking.

Days on Market for 60108, IL

How long does it take to sell a home in 60108, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days15 Days-22.6%

Summary: Homes in 60108 had an average of 15 days on market in Oct 2024, down by 22.6% compared to last year.

Breakdown of Home Sale Times

16 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 60108 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 60108; 84% of homes were sold within 30 days, 16% 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 4 Days Ago

Newest Listings in 60108, IL

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