March 2024

62034 Housing Market Report Glen Carbon, Madison County, Illinois

Report Updated 27 Days Ago

Is 62034, 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, 62034 has remained a Seller's Market.

Key Takeaway

62034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62034, IL

How much do homes in 62034, IL cost?

Median Sold Price

$320,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+6.7%)

Key Takeaway

Homes in 62034 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 62034 was $320,000 in March 2024, up 6.7% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2023	Mar 2024	CHANGE
1 Bedroom	$94.5K	$124K	+31.2%
2 Bedrooms	$203K	$205K	+1.0%
3 Bedrooms	$255K	$280.3K	+10.0%
4 Bedrooms	$367K	$430.7K	+17.4%
5+ Bedrooms	$478K	$495K	+3.6%

Summary: 62034 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

ZIP	Mar 2023	Mar 2024	CHANGE
62294	$278K	$325K	+16.9%
62234	$163.7K	$175.5K	+7.2%
62034	$300K	$320K	+6.7%
62025	$295.3K	$307.3K	+4.1%
62062	$321K	$309.7K	-3.5%

Housing Supply in 62034, IL

How many homes are available in 62034, IL?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
44	51	+15.9%

Summary: The 62034 real estate market had 51 homes for sale in March 2024, a 15.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	2	1	-50.0%
2 Bedrooms	5	3	-40.0%
3 Bedrooms	19	30	+57.9%
4 Bedrooms	14	14	0.0%
5+ Bedrooms	4	3	-25.0%

Summary: The 62034 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 57.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024	Mar 2024	CHANGE
12	18	+50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in 62034, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 62034 in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 6% were sold at asking, and 39% were sold over asking.

Days on Market for 62034, IL

How long does it take to sell a home in 62034, IL?

Average Sale Time

Mar 2023	Mar 2024	CHANGE
68 Days	60 Days	-11.7%

Summary: Homes in 62034 had an average of 60 days on market in Mar 2024, down by 11.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Key Takeaway

Many homes in 62034 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in 62034; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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Newest Listings in 62034, IL

What homes are available in 62034, IL?

See More Listings

3D Tour

$159,000

$1,888 Closing Credit

964 SqFt

161 Ridgemoor Dr, Glen Carbon IL, 62034

Listing Office:

Redfin Corporation

4 bedrooms, 3 full baths, 1 partial house for sale

$512,500

$6,086 Closing Credit

3 Full, 1 Partial

2,766 SqFt

412 Westchester, Glen Carbon IL, 62034

Listing Office:

RE/MAX Alliance

$445,000

$5,284 Closing Credit

3 Full, 1 Partial

3,997 SqFt

103 Kingsbrooke Blvd, Glen Carbon IL, 62034

Listing Office:

RE/MAX Alliance

$85,000

$1,009 Closing Credit

1,050 SqFt

39 Lilac St, Glen Carbon IL, 62034

Listing Office:

RE/MAX Preferred

3 bedrooms, 2 full baths, 1 partial house for sale

Backup Offers

$312,500

$3,711 Closing Credit

2 Full, 1 Partial

2,156 SqFt

20 Jason Dr, Glen Carbon IL, 62034

Listing Office:

Re/Max Alliance

$435,000

$5,166 Closing Credit

3 Full, 1 Partial

2,740 SqFt

101 Meridian Oaks Dr, Glen Carbon IL, 62034

Listing Office:

Re/Max Alliance

Backup Offers

$310,000

$3,681 Closing Credit

2,080 SqFt

223 Glenwood, Glen Carbon IL, 62034

Listing Office:

Keller Williams Marquee

Backup Offers

$379,900

$4,511 Closing Credit

1,685 SqFt

7016 Augusta Dr, Glen Carbon IL, 62034

Listing Office:

Fusion Realty, LLC

Backup Offers

$285,000

$3,384 Closing Credit

1,886 SqFt

29 Matterhorn Dr, Glen Carbon IL, 62034

Listing Office:

Re/Max Alliance

Backup Offers

$385,000

$4,572 Closing Credit

2 Full, 1 Partial

1,818 SqFt

3115 Birmingham Dr, Glen Carbon IL, 62034

Listing Office:

Berkshire Hathaway Select

Virtual Tour

$575,000

$6,828 Closing Credit

3 Full, 1 Partial

3,500 SqFt

116 Windover Pt, Glen Carbon IL, 62034

Listing Office:

Re/Max Alliance

3 bedrooms, 1 full bath, 1 partial house for sale

$325,000

$3,859 Closing Credit

1 Full, 1 Partial

1,500 SqFt

27 Williamsburg Ln, Glen Carbon IL, 62034

Listing Office:

Keller Williams Marquee

Nearby Markets to 62034, IL

MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 04/01/2022 - 04/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 9:23:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.