Is 60455, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60455 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60455 has remained a Seller's Market.

Key Takeaway

60455 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60455, IL

How much do homes in 60455, IL cost?

Median Sold Price

$270,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,000(+6.3%)

Key Takeaway

Homes in 60455 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 60455 was $270,000 in April 2024, up 6.3% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$115K
N/A
2 $140K$219K
+56.5%
3 $261.8K$277.9K
+6.1%
4 $273.9K$270K
-1.4%
5+ $323K$340K
+5.3%

Summary: 60455 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

60457
+19.3%
60415
+11.0%
60459
+9.4%
60455
+6.3%
60458
+2.5%

Housing Supply in 60455, IL

How many homes are available in 60455, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2026+30.0%

Summary: The 60455 real estate market had 26 homes for sale in April 2024, a 30.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 109
-10.0%
4 25
+150.0%
5+ 24
+100.0%

Summary: The 60455 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 increased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60455, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 60455 in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 60455, IL

How long does it take to sell a home in 60455, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days16 Days+69.1%

Summary: Homes in 60455 had an average of 16 days on market in Apr 2024, up by 69.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60455 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 60455; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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