Is 60150, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60150 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60150 was a Neutral Market.

Key Takeaway

60150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60150, IL

How much do homes in 60150, IL cost?

Median Sold Price

$225,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,500(-4.1%)

Key Takeaway

Homes in 60150 have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in 60150 was $225,000 in October 2024, down 4.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $185K$141K
-23.8%
3 $242.2K$250K
+3.2%
4 $284K$290K
+2.1%
5+ $215.8K$185K
-14.3%

Summary: 60150 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

61068
+12.4%
60115
+11.3%
60150
-4.1%

Housing Supply in 60150, IL

How many homes are available in 60150, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The 60150 real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 33
0.0%
5+ 23
+50.0%

Summary: The 60150 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60150, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 60150 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60150, IL

How long does it take to sell a home in 60150, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days16 Days-21.4%

Summary: Homes in 60150 had an average of 16 days on market in Oct 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60150 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 60150; 100% of homes were sold within 30 days, 0% 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 5 Days Ago

Newest Listings in 60150, IL

Nearby Markets to 60150, IL