Is 60546, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60546 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 60546 has remained a Seller's Market.

Key Takeaway

60546 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60546, IL

How much do homes in 60546, IL cost?

Median Sold Price

$410,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,500(+13.1%)

Key Takeaway

Homes in 60546 have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in 60546 was $410,000 in October 2024, up 13.1% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $138.6K$130K
-6.2%
2 $272K$300K
+10.3%
3 $360K$410K
+13.9%
4 $615K$670K
+8.9%
5+ $643K$563.7K
-12.3%

Summary: 60546 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

60534
+16.4%
60546
+13.1%
60402
+8.6%
60513
+6.0%

Housing Supply in 60546, IL

How many homes are available in 60546, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3753+43.2%

Summary: The 60546 real estate market had 53 homes for sale in October 2024, a 43.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 913
+44.4%
3 1321
+61.5%
4 810
+25.0%
5+ 56
+20.0%

Summary: The 60546 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60546, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 60546 in October 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for 60546, IL

How long does it take to sell a home in 60546, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days27 Days-19.0%

Summary: Homes in 60546 had an average of 27 days on market in Oct 2024, down by 19% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60546 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 60546; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 60546, IL

Nearby Markets to 60546, IL