Is 60452, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60452 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60452 has remained a Seller's Market.

Key Takeaway

60452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60452, IL

How much do homes in 60452, IL cost?

Median Sold Price

$265,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.9%)

Key Takeaway

Homes in 60452 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 60452 was $265,000 in April 2024, up 1.9% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $88K$100K
+13.6%
2 $175K$183.9K
+5.1%
3 $268.5K$279K
+3.9%
4 $320K$326K
+1.9%
5+ $365K$335K
-8.2%

Summary: 60452 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

60428
+12.8%
60477
+9.3%
60445
+6.9%
60452
+1.9%
60478
-2.6%

Housing Supply in 60452, IL

How many homes are available in 60452, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7479+6.8%

Summary: The 60452 real estate market had 79 homes for sale in April 2024, a 6.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 65
-16.7%
2 1414
0.0%
3 3441
+20.6%
4 1715
-11.8%
5+ 34
+33.3%

Summary: The 60452 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24240.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60452, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 60452 in April 2024, the same as the previous month. Of the 24 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.

Days on Market for 60452, IL

How long does it take to sell a home in 60452, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days23 Days+4.0%

Summary: Homes in 60452 had an average of 23 days on market in Apr 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

19 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 60452 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 24 homes were sold in 60452; 79% of homes were sold within 30 days, 13% 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 2 Days Ago

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