Is 62035, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 62035 has remained a Seller's Market.
Key Takeaway
62035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62035, IL
How much do homes in 62035, IL cost?
Median Sold Price
$195,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62035 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 62035 was $195,000 in April 2024, up 11% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $42K | -54.0% |
| 2 Bedrooms | $115K | $134.5K | +17.0% |
| 3 Bedrooms | $163K | $195K | +19.6% |
| 4 Bedrooms | $247.4K | $242.5K | -2.0% |
| 5+ Bedrooms | $265K | $291K | +9.8% |
Summary: 62035 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 62035, IL
How many homes are available in 62035, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The 62035 real estate market had 69 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 62035 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62035, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 62035 in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for 62035, IL
How long does it take to sell a home in 62035, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 31 Days | -28.9% |
Summary: Homes in 62035 had an average of 31 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62035 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in 62035; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.