Is 60465, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60465 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60465 has remained a Seller's Market.

Key Takeaway

60465 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60465, IL

How much do homes in 60465, IL cost?

Median Sold Price

$241,333

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$28,583(+13.4%)

Key Takeaway

Homes in 60465 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 60465 was $241,333 in March 2024, up 13.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $105.1K$125K
+18.9%
2 $185K$194.5K
+5.1%
3 $282.5K$326K
+15.4%
4 $402K$440K
+9.5%
5+ $557.4K$460K
-17.5%

Summary: 60465 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 17.5%.

Median Sold Price Compared To Nearby Zip Codes

60482
+22.9%
60465
+13.4%
60457
+12.9%
60415
+9.2%
60464
-18.2%

Housing Supply in 60465, IL

How many homes are available in 60465, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7181+14.1%

Summary: The 60465 real estate market had 81 homes for sale in March 2024, a 14.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 31
-66.7%
2 2730
+11.1%
3 2328
+21.7%
4 1318
+38.5%
5+ 54
-20.0%

Summary: The 60465 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1536+140.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60465, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 60465 in March 2024, up by 140.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for 60465, IL

How long does it take to sell a home in 60465, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
48 Days26 Days-44.7%

Summary: Homes in 60465 had an average of 26 days on market in Mar 2024, down by 44.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60465 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 36 homes were sold in 60465; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% 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 18 Days Ago

Newest Listings in 60465, IL

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