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 December 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

$292,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$29,000(+11.0%)

Key Takeaway

Homes in 60145 have sold for 11% more than they did a year ago.

Summary: The median home sold price in 60145 was $292,000 in December 2024, up 11% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$90K
N/A
2 $159K$317.5K
+99.7%
3 $266K$292K
+9.8%
4 $232.5K$252.5K
+8.6%
5+ $417.5K$475.5K
+13.9%

Summary: 60145 housing prices by bedroom type for December 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 9.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

61008
+19.5%
60135
+13.1%
60145
+11.0%
60178
+3.2%

Housing Supply in 60145, IL

How many homes are available in 60145, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
68+33.3%

Summary: The 60145 real estate market had 8 homes for sale in December 2024, a 33.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 44
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The 60145 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased 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

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 60145 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
10 Days18 Days+86.7%

Summary: Homes in 60145 had an average of 18 days on market in Dec 2024, up by 86.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 December 2024, 3 homes were sold in 60145; 67% of homes were sold within 30 days, 33% 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 8 Days Ago

Newest Listings in 60145, IL

Nearby Markets to 60145, IL