Is 60468, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60468 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 60468 was a Seller's Market.

Key Takeaway

60468 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 60468, IL

How much do homes in 60468, IL cost?

Median Sold Price

$295,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,000(+11.3%)

Key Takeaway

Homes in 60468 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 60468 was $295,000 in March 2024, up 11.3% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K-
N/A
2 $150K$195K
+30.0%
3 $262.5K$303.5K
+15.6%
4 $280K$310K
+10.7%
5+ $390K$260.5K
-33.2%

Summary: 60468 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 33.2%.

Median Sold Price Compared To Nearby Zip Codes

60442
+15.7%
60468
+11.3%
60401
+3.1%
60449
-2.2%
60950
-6.4%

Housing Supply in 60468, IL

How many homes are available in 60468, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
914+55.6%

Summary: The 60468 real estate market had 14 homes for sale in March 2024, a 55.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 36
+100.0%
4 45
+25.0%
5+ 11
0.0%

Summary: The 60468 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60468, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 60468 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 60468, IL

How long does it take to sell a home in 60468, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days22 Days-37.1%

Summary: Homes in 60468 had an average of 22 days on market in Mar 2024, down by 37.1% 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 60468 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 60468; 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 26 Days Ago

Newest Listings in 60468, IL

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