Is 62056, 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, 62056 has remained a Seller's Market.
Housing Prices in 62056, IL
How much do homes in 62056, IL cost?
Median Sold Price
$117,500
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62056 was $117,500 in April 2024, up 11.9% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $175K | +272.3% |
2 Bedrooms | $83.7K | $83K | -0.9% |
3 Bedrooms | $118K | $127.5K | +8.1% |
4 Bedrooms | $205K | $265K | +29.3% |
5+ Bedrooms | $255K | $223.4K | -12.4% |
Summary: 62056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 272.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Zip Codes
62056 | $105K | $117.5K | +11.9% |
62069 | $127.5K | $120K | -5.9% |
Housing Supply in 62056, IL
How many homes are available in 62056, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The 62056 real estate market had 33 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62056 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 11.1%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 62056 in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 62056, IL
How long does it take to sell a home in 62056, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 59 Days | -30.7% |
Summary: Homes in 62056 had an average of 59 days on market in Apr 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 62056; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.