Is 60146, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60146 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60146 has remained a Seller's Market.

Key Takeaway

60146 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60146, IL

How much do homes in 60146, IL cost?

Median Sold Price

$260,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,050(+30.0%)

Key Takeaway

Homes in 60146 have sold for 30% more than they did a year ago.

Summary: The median home sold price in 60146 was $260,000 in October 2024, up 30% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $133K$160K
+20.3%
3 $222.4K$239.9K
+7.8%
4 $167K$310.5K
+85.9%
5+ $310.2K$330K
+6.4%

Summary: 60146 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 20.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 85.9%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

60146
+30.0%
60145
+9.1%
61016
-2.6%

Housing Supply in 60146, IL

How many homes are available in 60146, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
660.0%

Summary: The 60146 real estate market had 6 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 60146 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 remained the same, 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
24+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 60146, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 60146 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 60146, IL

How long does it take to sell a home in 60146, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days30 Days-53.0%

Summary: Homes in 60146 had an average of 30 days on market in Oct 2024, down by 53% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60146 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 60146; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in 60146, IL

Nearby Markets to 60146, IL