Is 60178, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60178 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60178 has remained a Seller's Market.

Key Takeaway

60178 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60178, IL

How much do homes in 60178, IL cost?

Median Sold Price

$309,316

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,150(+3.4%)

Key Takeaway

Homes in 60178 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 60178 was $309,316 in October 2024, up 3.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$285K
N/A
2 $192.8K$208K
+7.9%
3 $321.8K$307.5K
-4.4%
4 $365K$390K
+6.8%
5+ $307.5K$389.5K
+26.7%

Summary: 60178 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 increased by 7.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Zip Codes

60115
+11.3%
60145
+9.1%
60135
+5.4%
60112
+3.8%
60178
+3.4%

Housing Supply in 60178, IL

How many homes are available in 60178, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115122+6.1%

Summary: The 60178 real estate market had 122 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3236
+12.5%
3 4550
+11.1%
4 3330
-9.1%
5+ 56
+20.0%

Summary: The 60178 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 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2932+10.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60178, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 60178 in October 2024, up by 10.3% month-over-month. Of the 32 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for 60178, IL

How long does it take to sell a home in 60178, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days16 Days-62.0%

Summary: Homes in 60178 had an average of 16 days on market in Oct 2024, down by 62% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60178 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 60178; 78% of homes were sold within 30 days, 22% 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 60178, IL

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