Is 62012, 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, 62012 has remained a Seller's Market.
Key Takeaway
62012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62012, IL
How much do homes in 62012, IL cost?
Median Sold Price
$175,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 62012 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 62012 was $175,000 in March 2024, up 5.3% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69K | N/A |
| 2 Bedrooms | $135.9K | $93.9K | -30.9% |
| 3 Bedrooms | $159.7K | $160K | 0.2% |
| 4 Bedrooms | $372K | $269.9K | -27.4% |
| 5+ Bedrooms | $360K | $402K | +11.7% |
Summary: 62012 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 62012, IL
How many homes are available in 62012, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The 62012 real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62012 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 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62012, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62012 in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 62012, IL
How long does it take to sell a home in 62012, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +62.1% |
Summary: Homes in 62012 had an average of 48 days on market in Mar 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62012 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 62012; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.