Is 60453, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 60453 has remained a Seller's Market.
Housing Prices in 60453, IL
How much do homes in 60453, IL cost?
Median Sold Price
$255,166
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60453 was $255,166 in May 2024, up 4.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $112.7K | +12.8% |
2 Bedrooms | $150.2K | $170K | +13.1% |
3 Bedrooms | $290K | $305K | +5.2% |
4 Bedrooms | $330K | $340K | +3.0% |
5+ Bedrooms | $420K | $355K | -15.5% |
Summary: 60453 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 15.5%.
Housing Supply in 60453, IL
How many homes are available in 60453, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
211 | 226 | +7.1% |
Summary: The 60453 real estate market had 226 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 72 | 69 | -4.2% |
3 Bedrooms | 69 | 79 | +14.5% |
4 Bedrooms | 46 | 50 | +8.7% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 60453 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 62 | -8.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in 60453 in May 2024, down by 8.8% month-over-month. Of the 62 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for 60453, IL
How long does it take to sell a home in 60453, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 18 Days | -38.2% |
Summary: Homes in 60453 had an average of 18 days on market in May 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 62 homes were sold in 60453; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.