Is 60046, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60046 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60046 has remained a Seller's Market.

Key Takeaway

60046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60046, IL

How much do homes in 60046, IL cost?

Median Sold Price

$330,833

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,563(+8.4%)

Key Takeaway

Homes in 60046 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 60046 was $330,833 in October 2024, up 8.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $152K$50K
-67.1%
2 $221.6K$230K
+3.8%
3 $286.9K$300K
+4.5%
4 $377.5K$397.4K
+5.3%
5+ $470K$525K
+11.7%

Summary: 60046 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

60041
+9.4%
60073
+8.6%
60046
+8.4%
60002
+4.8%
60030
+2.9%

Housing Supply in 60046, IL

How many homes are available in 60046, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123143+16.3%

Summary: The 60046 real estate market had 143 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1222
+83.3%
3 7571
-5.3%
4 2839
+39.3%
5+ 710
+42.9%

Summary: The 60046 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3430-11.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60046, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 60046 in October 2024, down by 11.8% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.

Days on Market for 60046, IL

How long does it take to sell a home in 60046, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days20 Days-18.2%

Summary: Homes in 60046 had an average of 20 days on market in Oct 2024, down by 18.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60046 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 60046; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% 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 5 Days Ago

Newest Listings in 60046, IL

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