Is 60459, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60459 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60459 has remained a Seller's Market.

Key Takeaway

60459 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60459, IL

How much do homes in 60459, IL cost?

Median Sold Price

$290,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+9.4%)

Key Takeaway

Homes in 60459 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 60459 was $290,000 in April 2024, up 9.4% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $109.9K-
N/A
2 $163K$215K
+31.9%
3 $262.5K$284K
+8.2%
4 $285.5K$332K
+16.3%
5+ $439.5K$397.5K
-9.6%

Summary: 60459 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 31.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

60459
+9.4%
60455
+6.3%
60652
+5.0%
60453
+3.8%
60638
+2.7%

Housing Supply in 60459, IL

How many homes are available in 60459, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7781+5.2%

Summary: The 60459 real estate market had 81 homes for sale in April 2024, a 5.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 77
0.0%
3 4750
+6.4%
4 1716
-5.9%
5+ 68
+33.3%

Summary: The 60459 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 remained the same, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2518-28.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60459, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 60459 in April 2024, down by 28.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.

Days on Market for 60459, IL

How long does it take to sell a home in 60459, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days15 Days-56.9%

Summary: Homes in 60459 had an average of 15 days on market in Apr 2024, down by 56.9% compared to last year.

Breakdown of Home Sale Times

16 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 60459 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 18 homes were sold in 60459; 89% of homes were sold within 30 days, 11% 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 1 Day Ago

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