Is 62010, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 62010 has remained a Seller's Market.
Key Takeaway
62010 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62010, IL
How much do homes in 62010, IL cost?
Median Sold Price
$191,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62010 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 62010 was $191,500 in April 2024, up 9.4% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | - | N/A |
| 2 Bedrooms | $119K | $116.5K | -2.1% |
| 3 Bedrooms | $179.9K | $193K | +7.3% |
| 4 Bedrooms | $247.5K | $307.5K | +24.2% |
| 5+ Bedrooms | $360K | $342K | -5.0% |
Summary: 62010 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 62010, IL
How many homes are available in 62010, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The 62010 real estate market had 35 homes for sale in April 2024, a 9.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 62010 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62010, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 62010 in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 62010, IL
How long does it take to sell a home in 62010, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 93 Days | 49 Days | -47.4% |
Summary: Homes in 62010 had an average of 49 days on market in Apr 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62010 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 62010; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.