Is 60453, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60453 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60453 has remained a Seller's Market.

Key Takeaway

60453 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60453, IL

How much do homes in 60453, IL cost?

Median Sold Price

$269,486

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,486(+7.8%)

Key Takeaway

Homes in 60453 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 60453 was $269,486 in December 2024, up 7.8% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $105K$122K
+16.2%
2 $159.9K$175K
+9.4%
3 $300K$302K
+0.7%
4 $340K$360K
+5.9%
5+ $405K$400K
-1.2%

Summary: 60453 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

60415
+31.3%
60456
+12.5%
60453
+7.8%
60805
+5.6%
60459
+5.2%

Housing Supply in 60453, IL

How many homes are available in 60453, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
206205-0.5%

Summary: The 60453 real estate market had 205 homes for sale in December 2024, a 0.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 128
-33.3%
2 7986
+8.9%
3 7273
+1.4%
4 3329
-12.1%
5+ 109
-10.0%

Summary: The 60453 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5148-5.9%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60453, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 60453 in December 2024, down by 5.9% month-over-month. Of the 48 sold homes, 52% were sold under asking, 15% were sold at asking, and 33% were sold over asking.

Days on Market for 60453, IL

How long does it take to sell a home in 60453, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days20 Days-27.1%

Summary: Homes in 60453 had an average of 20 days on market in Dec 2024, down by 27.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60453 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 48 homes were sold in 60453; 75% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 2% 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 60453, IL

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