Is 60460, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60460 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60460 has remained a Seller's Market.

Key Takeaway

60460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60460, IL

How much do homes in 60460, IL cost?

Median Sold Price

$129,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$23,000(-15.1%)

Key Takeaway

Homes in 60460 have sold for 15.1% less than they did a year ago.

Summary: The median home sold price in 60460 was $129,000 in April 2024, down 15.1% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $164.2K$136K
-17.2%
3 $145.2K$132K
-9.1%
4 $162K$105K
-35.2%
5+ -$74.9K
N/A

Summary: 60460 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 decreased by 17.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 35.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61764
+12.1%
60420
-12.8%
60460
-15.1%

Housing Supply in 60460, IL

How many homes are available in 60460, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The 60460 real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 03
+100.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The 60460 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60460, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 60460 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 60460, IL

How long does it take to sell a home in 60460, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
76 Days5 Days-93.4%

Summary: Homes in 60460 had an average of 5 days on market in Apr 2024, down by 93.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60460 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 60460; 100% of homes were sold within 30 days, 0% 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 14 Days Ago

Newest Listings in 60460, IL

Nearby Markets to 60460, IL