Is 60645, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60645 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 60645 has remained a Seller's Market.

Key Takeaway

60645 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$5,425(+2.4%)

Key Takeaway

Homes in 60645 have sold for 2.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $119K$132.7K
+11.6%
2 $170K$185K
+8.8%
3 $315K$352.7K
+12.0%
4 $487.5K$535K
+9.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60659
+21.3%
60626
+7.3%
60076
+5.8%
60645
+2.4%
60202
+0.8%

Housing Supply in 60645, IL

How many homes are available in 60645, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
101114+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

# BEDSApr 2024May 2024CHANGE
1 1620
+25.0%
2 3528
-20.0%
3 3649
+36.1%
4 68
+33.3%
5+ 89
+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 2024May 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60645, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023May 2024CHANGE
23 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60645 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in 60645, IL

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