Is 62002, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 62002 has remained a Seller's Market.
Housing Prices in 62002, IL
How much do homes in 62002, IL cost?
Median Sold Price
$118,312
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62002 was $118,312 in March 2024, up 10.4% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36K | $47.4K | +31.8% |
2 Bedrooms | $74K | $83K | +12.2% |
3 Bedrooms | $135K | $135.3K | 0.2% |
4 Bedrooms | $181K | $177.7K | -1.8% |
5+ Bedrooms | $259.7K | $241.6K | -7.0% |
Summary: 62002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 62002, IL
How many homes are available in 62002, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 111 | +5.7% |
Summary: The 62002 real estate market had 111 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 34 | 42 | +23.5% |
3 Bedrooms | 46 | 47 | +2.2% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 62002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 39 | +143.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 62002 in March 2024, up by 143.8% month-over-month. Of the 39 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for 62002, IL
How long does it take to sell a home in 62002, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 111 Days | +68.1% |
Summary: Homes in 62002 had an average of 111 days on market in Mar 2024, up by 68.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 62002; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.