Is 60145, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60145 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60145 has remained a Seller's Market.

Key Takeaway

60145 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60145, IL

How much do homes in 60145, IL cost?

Median Sold Price

$287,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,000(+9.1%)

Key Takeaway

Homes in 60145 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 60145 was $287,000 in October 2024, up 9.1% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$90K
N/A
2 $186.2K$317.5K
+70.5%
3 $261.5K$288.7K
+10.4%
4 $307K$230K
-25.1%
5+ $417.5K-
N/A

Summary: 60145 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

60146
+30.0%
61008
+21.4%
60145
+9.1%
60135
+5.4%
60178
+3.4%

Housing Supply in 60145, IL

How many homes are available in 60145, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The 60145 real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 55
0.0%
4 11
0.0%
5+ 22
0.0%

Summary: The 60145 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60145, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 60145 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 60145, IL

How long does it take to sell a home in 60145, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days19 Days+171.4%

Summary: Homes in 60145 had an average of 19 days on market in Oct 2024, up by 171.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60145 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 60145; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in 60145, IL

Nearby Markets to 60145, IL