Is 60646, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60646 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 60646 has remained a Seller's Market.

Key Takeaway

60646 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60646, IL

How much do homes in 60646, IL cost?

Median Sold Price

$515,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$26,000(+5.3%)

Key Takeaway

Homes in 60646 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 60646 was $515,000 in December 2024, up 5.3% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $135K$146.5K
+8.5%
2 $370K$355K
-4.1%
3 $472K$515K
+9.1%
4 $685K$615K
-10.2%
5+ $560K$595K
+6.3%

Summary: 60646 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

60630
+18.0%
60659
+8.2%
60631
+6.8%
60646
+5.3%
60712
-5.3%

Housing Supply in 60646, IL

How many homes are available in 60646, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6550-23.1%

Summary: The 60646 real estate market had 50 homes for sale in December 2024, a 23.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1313
0.0%
3 2416
-33.3%
4 148
-42.9%
5+ 1211
-8.3%

Summary: The 60646 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

14 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 60646, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 60646 in December 2024, down by 5.0% month-over-month. Of the 19 sold homes, 74% were sold under asking, 11% were sold at asking, and 16% were sold over asking.

Days on Market for 60646, IL

How long does it take to sell a home in 60646, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
22 Days37 Days+65.5%

Summary: Homes in 60646 had an average of 37 days on market in Dec 2024, up by 65.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60646 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 19 homes were sold in 60646; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% 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 60646, IL

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