Is 60645, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60645 has remained a Seller's Market.
Housing Prices in 60645, IL
How much do homes in 60645, IL cost?
Median Sold Price
$236,250
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60645 was $236,250 in March 2024, up 5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $130K | +11.1% |
2 Bedrooms | $172.9K | $180.7K | +4.6% |
3 Bedrooms | $315K | $355K | +12.7% |
4 Bedrooms | $470K | $540K | +14.9% |
5+ Bedrooms | $600.5K | $662K | +10.2% |
Summary: 60645 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 60645, IL
How many homes are available in 60645, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 100 | +28.2% |
Summary: The 60645 real estate market had 100 homes for sale in March 2024, a 28.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 60645 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 26 | +116.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60645 in March 2024, up by 116.7% month-over-month. Of the 26 sold homes, 46% were sold under asking, 12% were sold at asking, and 42% were sold over asking.
Days on Market for 60645, IL
How long does it take to sell a home in 60645, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 42 Days | +45.7% |
Summary: Homes in 60645 had an average of 42 days on market in Mar 2024, up by 45.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 60645; 69% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.