Is 60645, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$234,166
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60645 was $234,166 in May 2024, up 2.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $132.7K | +11.6% |
2 Bedrooms | $170K | $185K | +8.8% |
3 Bedrooms | $315K | $352.7K | +12.0% |
4 Bedrooms | $487.5K | $535K | +9.7% |
5+ Bedrooms | $610K | $657.5K | +7.8% |
Summary: 60645 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 60645, IL
How many homes are available in 60645, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 114 | +12.9% |
Summary: The 60645 real estate market had 114 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 20 | +25.0% |
2 Bedrooms | 35 | 28 | -20.0% |
3 Bedrooms | 36 | 49 | +36.1% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 60645 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60645 in May 2024, down by 14.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 22 Days | -4.7% |
Summary: Homes in 60645 had an average of 22 days on market in May 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in 60645; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.