Is 60463, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60463 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60463 has remained a Seller's Market.

Key Takeaway

60463 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60463, IL

How much do homes in 60463, IL cost?

Median Sold Price

$360,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,100(+2.9%)

Key Takeaway

Homes in 60463 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 60463 was $360,000 in December 2024, up 2.9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$350K
N/A
2 $270K$295K
+9.3%
3 $343.7K$355K
+3.3%
4 $452.5K$466.1K
+3.0%
5+ $560K$495K
-11.6%

Summary: 60463 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 9.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

60464
+16.7%
60445
+15.9%
60482
+6.0%
60803
+4.3%
60463
+2.9%

Housing Supply in 60463, IL

How many homes are available in 60463, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5148-5.9%

Summary: The 60463 real estate market had 48 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 1215
+25.0%
3 2219
-13.6%
4 119
-18.2%
5+ 55
0.0%

Summary: The 60463 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60463, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 60463 in December 2024, up by 23.1% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% were sold over asking.

Days on Market for 60463, IL

How long does it take to sell a home in 60463, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days23 Days-18.9%

Summary: Homes in 60463 had an average of 23 days on market in Dec 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60463 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 16 homes were sold in 60463; 69% of homes were sold within 30 days, 31% 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 6 Days Ago

Newest Listings in 60463, IL

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