Is 60453, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60453 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60453 has remained a Seller's Market.

Key Takeaway

60453 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60453, IL

How much do homes in 60453, IL cost?

Median Sold Price

$251,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,100(+4.6%)

Key Takeaway

Homes in 60453 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 60453 was $251,500 in March 2024, up 4.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $98K$109.9K
+12.1%
2 $150K$165K
+10.0%
3 $286.2K$300K
+4.8%
4 $330K$340K
+3.0%
5+ $410K$390K
-4.9%

Summary: 60453 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

60415
+9.2%
60459
+8.9%
60456
+6.5%
60805
+5.5%
60453
+4.6%

Housing Supply in 60453, IL

How many homes are available in 60453, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
177194+9.6%

Summary: The 60453 real estate market had 194 homes for sale in March 2024, a 9.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 57
+40.0%
2 5560
+9.1%
3 7070
0.0%
4 4044
+10.0%
5+ 713
+85.7%

Summary: The 60453 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 85.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4760+27.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60453, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 60453 in March 2024, up by 27.7% month-over-month. Of the 60 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.

Days on Market for 60453, IL

How long does it take to sell a home in 60453, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days22 Days-27.7%

Summary: Homes in 60453 had an average of 22 days on market in Mar 2024, down by 27.7% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60453 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 60 homes were sold in 60453; 77% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% 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 15 Days Ago

Newest Listings in 60453, IL

Nearby Markets to 60453, IL