Is 60045, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60045 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60045 was a Seller's Market.

Key Takeaway

60045 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60045, IL

How much do homes in 60045, IL cost?

Median Sold Price

$1,050,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$132,500(+14.4%)

Key Takeaway

Homes in 60045 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 60045 was $1,050,000 in November 2024, up 14.4% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $228K$201.8K
-11.5%
2 $387.2K$540K
+39.4%
3 $687.5K$811.1K
+18.0%
4 $982.5K$1.1M
+16.5%
5+ $1.7M$1.6M
-2.8%

Summary: 60045 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

60044
+24.0%
60045
+14.4%
60015
+13.6%
60035
+7.7%
60069
+6.0%

Housing Supply in 60045, IL

How many homes are available in 60045, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10797-9.3%

Summary: The 60045 real estate market had 97 homes for sale in November 2024, a 9.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 2315
-34.8%
4 3532
-8.6%
5+ 4039
-2.5%

Summary: The 60045 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 2.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60045, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 60045 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for 60045, IL

How long does it take to sell a home in 60045, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days60 Days+106.4%

Summary: Homes in 60045 had an average of 60 days on market in Nov 2024, up by 106.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60045 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 60045; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% 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 17 Days Ago

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