Is 60148, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60148 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60148 has remained a Seller's Market.

Key Takeaway

60148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60148, IL

How much do homes in 60148, IL cost?

Median Sold Price

$341,900

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,900(+6.8%)

Key Takeaway

Homes in 60148 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 60148 was $341,900 in October 2024, up 6.8% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$148K
+9.6%
2 $254.4K$285K
+12.0%
3 $333.2K$360.5K
+8.2%
4 $421K$430K
+2.1%
5+ $425K$547K
+28.7%

Summary: 60148 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 28.7%.

Median Sold Price Compared To Nearby Zip Codes

60139
+16.0%
60181
+15.5%
60137
+8.5%
60148
+6.8%
60101
+3.4%

Housing Supply in 60148, IL

How many homes are available in 60148, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
157184+17.2%

Summary: The 60148 real estate market had 184 homes for sale in October 2024, a 17.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 4358
+34.9%
3 5663
+12.5%
4 4144
+7.3%
5+ 911
+22.2%

Summary: The 60148 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4750+6.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60148, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 60148 in October 2024, up by 6.4% month-over-month. Of the 50 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.

Days on Market for 60148, IL

How long does it take to sell a home in 60148, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days13 Days+6.6%

Summary: Homes in 60148 had an average of 13 days on market in Oct 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60148 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in 60148; 88% of homes were sold within 30 days, 12% 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 26 Days Ago

Newest Listings in 60148, IL

Nearby Markets to 60148, IL