Is 60466, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60466 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 60466 was a Seller's Market.

Key Takeaway

60466 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 60466, IL

How much do homes in 60466, IL cost?

Median Sold Price

$145,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,500(+1.8%)

Key Takeaway

Homes in 60466 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 60466 was $145,000 in October 2024, up 1.8% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$45K
N/A
2 $110K$122K
+10.9%
3 $149.7K$150K
0.2%
4 $175.5K$182.5K
+4.0%
5+ $210.4K$180K
-14.5%

Summary: 60466 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 10.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Zip Codes

60461
+9.8%
60475
+9.6%
60484
+5.4%
60466
+1.8%
60471
-6.2%

Housing Supply in 60466, IL

How many homes are available in 60466, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
145185+27.6%

Summary: The 60466 real estate market had 185 homes for sale in October 2024, a 27.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2729
+7.4%
3 80104
+30.0%
4 3344
+33.3%
5+ 58
+60.0%

Summary: The 60466 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 increased by 7.4%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2129+38.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60466, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 60466 in October 2024, up by 38.1% month-over-month. Of the 29 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.

Days on Market for 60466, IL

How long does it take to sell a home in 60466, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days28 Days-27.4%

Summary: Homes in 60466 had an average of 28 days on market in Oct 2024, down by 27.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60466 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 60466; 62% of homes were sold within 30 days, 38% 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 14 Days Ago

Newest Listings in 60466, IL

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