Is 62018, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 62018 was a Seller's Market.
Housing Prices in 62018, IL
How much do homes in 62018, IL cost?
Median Sold Price
$93,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 62018 was $93,000 in May 2024, up 3.3% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | - | N/A |
2 Bedrooms | $72.5K | $74K | +2.1% |
3 Bedrooms | $118K | $115K | -2.5% |
4 Bedrooms | $164.9K | $118K | -28.4% |
5+ Bedrooms | $35K | - | N/A |
Summary: 62018 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes did not change.
Housing Supply in 62018, IL
How many homes are available in 62018, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The 62018 real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62018 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 62018 in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 62018, IL
How long does it take to sell a home in 62018, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 15 Days | -38.6% |
Summary: Homes in 62018 had an average of 15 days on market in May 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in 62018; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.