Is 60046, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60046 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60046 has remained a Seller's Market.

Key Takeaway

60046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$20,250(+7.0%)

Key Takeaway

Homes in 60046 have sold for 7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$101K
N/A
2 $205K$223.6K
+9.1%
3 $260.6K$300K
+15.1%
4 $351K$370K
+5.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60041
+12.0%
60073
+11.3%
60030
+8.5%
60046
+7.0%
60002
+6.9%

Housing Supply in 60046, IL

How many homes are available in 60046, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6887+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

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 1314
+7.7%
3 3135
+12.9%
4 1927
+42.1%
5+ 49
+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 2024Mar 2024CHANGE
1825+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60046, you could pay more than the asking price. 68% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
21 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60046 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 60046, IL

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