Is 60445, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60445 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60445 has remained a Seller's Market.

Key Takeaway

60445 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60445, IL

How much do homes in 60445, IL cost?

Median Sold Price

$190,333

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,333(+6.9%)

Key Takeaway

Homes in 60445 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 60445 was $190,333 in April 2024, up 6.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $70.5K$80K
+13.5%
2 $141.9K$153K
+7.8%
3 $234K$243K
+3.8%
4 $260K$280K
+7.7%
5+ $305K$249.9K
-18.1%

Summary: 60445 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Zip Codes

60803
+7.3%
60445
+6.9%
60452
+1.9%
60469
+1.8%

Housing Supply in 60445, IL

How many homes are available in 60445, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8876-13.6%

Summary: The 60445 real estate market had 76 homes for sale in April 2024, a 13.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 2724
-11.1%
3 3934
-12.8%
4 116
-45.5%
5+ 78
+14.3%

Summary: The 60445 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3633-8.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60445, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60445 in April 2024, down by 8.3% month-over-month. Of the 33 sold homes, 39% were sold under asking, 12% were sold at asking, and 48% were sold over asking.

Days on Market for 60445, IL

How long does it take to sell a home in 60445, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days24 Days-31.8%

Summary: Homes in 60445 had an average of 24 days on market in Apr 2024, down by 31.8% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60445 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 60445; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in 60445, IL

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