Is 60466, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60466 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60466 has remained a Seller's Market.

Key Takeaway

60466 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60466, IL

How much do homes in 60466, IL cost?

Median Sold Price

$140,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$400(-0.3%)

Key Takeaway

The sold price of homes in 60466 has remained the same since last year.

Summary: The median home sold price in 60466 was $140,000 in April 2024, down 0.3% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $100.7K$110K
+9.2%
3 $150K$145.2K
-3.2%
4 $174K$175.5K
+0.9%
5+ $211.5K$175K
-17.3%

Summary: 60466 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 9.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 17.3%.

Median Sold Price Compared To Nearby Zip Codes

60475
+7.7%
60471
+2.2%
60461
0.3%
60484
0.0%
60466
-0.3%

Housing Supply in 60466, IL

How many homes are available in 60466, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
146167+14.4%

Summary: The 60466 real estate market had 167 homes for sale in April 2024, a 14.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 3131
0.0%
3 8393
+12.0%
4 3036
+20.0%
5+ 26
+200.0%

Summary: The 60466 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2033+65.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60466, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 60466 in April 2024, up by 65.0% month-over-month. Of the 33 sold homes, 21% were sold under asking, 33% were sold at asking, and 45% were sold over asking.

Days on Market for 60466, IL

How long does it take to sell a home in 60466, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days58 Days+32.9%

Summary: Homes in 60466 had an average of 58 days on market in Apr 2024, up by 32.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60466 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 60466; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 21% 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 2 Days Ago

Newest Listings in 60466, IL

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