Is 62025, 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, 62025 has remained a Seller's Market.
Housing Prices in 62025, IL
How much do homes in 62025, IL cost?
Median Sold Price
$307,333
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62025 was $307,333 in March 2024, up 4.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $114K | +14.0% |
2 Bedrooms | $168.5K | $187K | +11.0% |
3 Bedrooms | $256K | $276K | +7.8% |
4 Bedrooms | $365.5K | $392K | +7.3% |
5+ Bedrooms | $535K | $635K | +18.7% |
Summary: 62025 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Zip Codes
62034 | $300K | $320K | +6.7% |
62025 | $295.3K | $307.3K | +4.1% |
62087 | $100K | $86.6K | -13.4% |
Housing Supply in 62025, IL
How many homes are available in 62025, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 105 | +18.0% |
Summary: The 62025 real estate market had 105 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 25 | 36 | +44.0% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The 62025 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 increased by 27.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 28 | +47.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 62025 in March 2024, up by 47.4% month-over-month. Of the 28 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 62025, IL
How long does it take to sell a home in 62025, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 39 Days | -31.7% |
Summary: Homes in 62025 had an average of 39 days on market in Mar 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 62025; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.