Is 62024, 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, 62024 has remained a Seller's Market.
Key Takeaway
62024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62024, IL
How much do homes in 62024, IL cost?
Median Sold Price
$123,900
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 62024 have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in 62024 was $123,900 in March 2024, up 15.8% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $20K | -58.3% |
| 2 Bedrooms | $79.9K | $95K | +18.9% |
| 3 Bedrooms | $142.5K | $145K | +1.8% |
| 4 Bedrooms | $175.7K | $173.5K | -1.3% |
| 5+ Bedrooms | $147.5K | $189.7K | +28.6% |
Summary: 62024 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 28.6%.
Housing Supply in 62024, IL
How many homes are available in 62024, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The 62024 real estate market had 28 homes for sale in March 2024, a 15.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62024 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 7 | -53.3% |
Asking Price vs. Sold Price
4 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 62024, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 62024 in March 2024, down by 53.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 62024, IL
How long does it take to sell a home in 62024, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 46 Days | +63.1% |
Summary: Homes in 62024 had an average of 46 days on market in Mar 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62024 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 62024; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.