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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60150 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 60150 was a Seller's Market.

Key Takeaway

60150 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60150, IL

How much do homes in 60150, IL cost?

Median Sold Price

$232,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$1,250(-0.5%)

Key Takeaway

Homes in 60150 have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in 60150 was $232,000 in December 2024, down 0.5% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $137.5K$195K
+41.8%
3 $242.2K$255K
+5.3%
4 $284K$290K
+2.1%
5+ $215.8K$202.5K
-6.2%

Summary: 60150 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

60115
+11.1%
61068
+2.9%
60150
-0.5%

Housing Supply in 60150, IL

How many homes are available in 60150, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
920+122.2%

Summary: The 60150 real estate market had 20 homes for sale in December 2024, a 122.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 15
+400.0%
4 411
+175.0%
5+ 33
0.0%

Summary: The 60150 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 400%, 4 bedroom homes increased by 175%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
32-33.3%

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 December 2024, down by 33.3% 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

Dec 2023Dec 2024CHANGE
33 Days49 Days+48.5%

Summary: Homes in 60150 had an average of 49 days on market in Dec 2024, up by 48.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 60150 has remained consistent over time.

Summary: During December 2024, 2 homes were sold in 60150; 0% of homes were sold within 30 days, 100% 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 6 Days Ago

Newest Listings in 60150, IL

Nearby Markets to 60150, IL