Is 62301, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62301 has remained a Seller's Market.
Housing Prices in 62301, IL
How much do homes in 62301, IL cost?
Median Sold Price
$131,750
$91/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 62301 was $131,750 in April 2024, up 4.2% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $94.2K | N/A |
2 Bedrooms | $112.5K | $85K | -24.4% |
3 Bedrooms | $127K | $150K | +18.1% |
4 Bedrooms | $173K | $195K | +12.7% |
5+ Bedrooms | $455K | - | N/A |
Summary: 62301 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.4%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
62301 | $126.5K | $131.7K | +4.2% |
62305 | $266K | $255K | -4.1% |
Housing Supply in 62301, IL
How many homes are available in 62301, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 128 | -9.2% |
Summary: The 62301 real estate market had 128 homes for sale in April 2024, a 9.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 43 | 33 | -23.3% |
3 Bedrooms | 55 | 52 | -5.5% |
4 Bedrooms | 31 | 30 | -3.2% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62301 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 32 | -36.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 62301 in April 2024, down by 36.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% were sold over asking.
Days on Market for 62301, IL
How long does it take to sell a home in 62301, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 39 Days | -30.0% |
Summary: Homes in 62301 had an average of 39 days on market in Apr 2024, down by 30% compared to last month.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 62301; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.