Is 60450, 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, 60450 has remained a Seller's Market.
Housing Prices in 60450, IL
How much do homes in 60450, IL cost?
Median Sold Price
$252,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60450 was $252,000 in March 2024, down 0.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $105K | -26.8% |
2 Bedrooms | $165.3K | $169K | +2.2% |
3 Bedrooms | $252K | $252.9K | 0.4% |
4 Bedrooms | $364K | $340K | -6.6% |
5+ Bedrooms | $412K | $365K | -11.4% |
Summary: 60450 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in 60450, IL
How many homes are available in 60450, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Summary: The 60450 real estate market had 58 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 60450 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60450 in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 10% were sold at asking, and 29% were sold over asking.
Days on Market for 60450, IL
How long does it take to sell a home in 60450, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 37 Days | -23.5% |
Summary: Homes in 60450 had an average of 37 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60450; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.