Is 60457, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60457 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 60457 has remained a Seller's Market.

Key Takeaway

60457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60457, IL

How much do homes in 60457, IL cost?

Median Sold Price

$328,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,000(+7.5%)

Key Takeaway

Homes in 60457 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 60457 was $328,000 in November 2024, up 7.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $111.5K$126K
+13.0%
2 $180K$193K
+7.2%
3 $322.5K$345K
+7.0%
4 $355K$395K
+11.3%
5+ $398K$545K
+36.9%

Summary: 60457 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 36.9%.

Median Sold Price Compared To Nearby Zip Codes

60465
+25.2%
60458
+9.0%
60457
+7.5%
60455
+3.8%
60480
0.5%

Housing Supply in 60457, IL

How many homes are available in 60457, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3946+17.9%

Summary: The 60457 real estate market had 46 homes for sale in November 2024, a 17.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 79
+28.6%
3 2024
+20.0%
4 99
0.0%
5+ 33
0.0%

Summary: The 60457 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60457, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 60457 in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 60457, IL

How long does it take to sell a home in 60457, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days85 Days+142.0%

Summary: Homes in 60457 had an average of 85 days on market in Nov 2024, up by 142% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60457 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 60457; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 60457, IL

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