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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60145 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 60145 was a Seller's Market.

Key Takeaway

60145 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 60145, IL

How much do homes in 60145, IL cost?

Median Sold Price

$287,250

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,750(+5.8%)

Key Takeaway

Homes in 60145 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 60145 was $287,250 in November 2024, up 5.8% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$90K
N/A
2 $159K$317.5K
+99.7%
3 $271.5K$288.7K
+6.4%
4 $260K$252.5K
-2.9%
5+ $417.5K-
N/A

Summary: 60145 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 99.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61008
+21.4%
60135
+10.0%
60145
+5.8%
60178
+4.2%

Housing Supply in 60145, IL

How many homes are available in 60145, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The 60145 real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 10
-100.0%
5+ 22
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60145, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 60145 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
37 Days22 Days-41.3%

Summary: Homes in 60145 had an average of 22 days on market in Nov 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 November 2024, 1 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