Is 60457, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60457 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60457 has remained a Seller's Market.

Key Takeaway

60457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60457, IL

How much do homes in 60457, IL cost?

Median Sold Price

$315,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$51,000(+19.3%)

Key Takeaway

Homes in 60457 have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in 60457 was $315,000 in April 2024, up 19.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $107.5K$119.5K
+11.2%
2 $192K$184.5K
-3.9%
3 $300K$329.5K
+9.8%
4 $395K$382.5K
-3.2%
5+ $387.5K$520K
+34.2%

Summary: 60457 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 34.2%.

Median Sold Price Compared To Nearby Zip Codes

60457
+19.3%
60465
+16.3%
60455
+6.3%
60480
+4.5%
60458
+2.5%

Housing Supply in 60457, IL

How many homes are available in 60457, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3637+2.8%

Summary: The 60457 real estate market had 37 homes for sale in April 2024, a 2.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1719
+11.8%
4 98
-11.1%
5+ 34
+33.3%

Summary: The 60457 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 16.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60457, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 60457 in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for 60457, IL

How long does it take to sell a home in 60457, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days20 Days-2.2%

Summary: Homes in 60457 had an average of 20 days on market in Apr 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60457 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in 60457; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 60457, IL

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