Is 60046, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60046 has remained a Seller's Market.
Housing Prices in 60046, IL
How much do homes in 60046, IL cost?
Median Sold Price
$310,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60046 was $310,000 in March 2024, up 7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $101K | N/A |
2 Bedrooms | $205K | $223.6K | +9.1% |
3 Bedrooms | $260.6K | $300K | +15.1% |
4 Bedrooms | $351K | $370K | +5.4% |
5+ Bedrooms | $425K | $460K | +8.2% |
Summary: 60046 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 60046, IL
How many homes are available in 60046, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 87 | +27.9% |
Summary: The 60046 real estate market had 87 homes for sale in March 2024, a 27.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 60046 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 60046 in March 2024, up by 38.9% month-over-month. Of the 25 sold homes, 16% were sold under asking, 16% were sold at asking, and 68% were sold over asking.
Days on Market for 60046, IL
How long does it take to sell a home in 60046, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 21 Days | +3.6% |
Summary: Homes in 60046 had an average of 21 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 60046; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.