Is 60450, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60450 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60450 has remained a Seller's Market.

Key Takeaway

60450 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60450, IL

How much do homes in 60450, IL cost?

Median Sold Price

$278,750

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$21,250(+8.3%)

Key Takeaway

Homes in 60450 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 60450 was $278,750 in December 2024, up 8.3% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $99.7K$105K
+5.3%
2 $170K$205K
+20.6%
3 $253.9K$265K
+4.4%
4 $340K$355K
+4.4%
5+ $409.9K$347.5K
-15.2%

Summary: 60450 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

60447
+9.5%
60450
+8.3%
60416
+6.8%

Housing Supply in 60450, IL

How many homes are available in 60450, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7558-22.7%

Summary: The 60450 real estate market had 58 homes for sale in December 2024, a 22.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 4027
-32.5%
4 1915
-21.1%
5+ 55
0.0%

Summary: The 60450 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 32.5%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60450, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 60450 in December 2024, down by 34.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for 60450, IL

How long does it take to sell a home in 60450, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days31 Days+15.8%

Summary: Homes in 60450 had an average of 31 days on market in Dec 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60450 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 17 homes were sold in 60450; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in 60450, IL

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