Is 60185, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60185 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60185 has remained a Seller's Market.

Key Takeaway

60185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60185, IL

How much do homes in 60185, IL cost?

Median Sold Price

$394,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,000(+11.0%)

Key Takeaway

Homes in 60185 have sold for 11% more than they did a year ago.

Summary: The median home sold price in 60185 was $394,000 in October 2024, up 11% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$132.5K
+39.5%
2 $253.7K$270K
+6.4%
3 $333.5K$362K
+8.5%
4 $435K$515K
+18.4%
5+ $485K$507.5K
+4.6%

Summary: 60185 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

60188
+11.9%
60185
+11.0%
60555
+8.6%
60190
+8.2%
60184
-0.3%

Housing Supply in 60185, IL

How many homes are available in 60185, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7678+2.6%

Summary: The 60185 real estate market had 78 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 43
-25.0%
3 4340
-7.0%
4 1822
+22.2%
5+ 910
+11.1%

Summary: The 60185 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60185, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 60185 in October 2024, down by 14.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 60185, IL

How long does it take to sell a home in 60185, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days31 Days+142.2%

Summary: Homes in 60185 had an average of 31 days on market in Oct 2024, up by 142.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60185 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 60185; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% 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 60185, IL

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