Is 62060, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 62060 was a Seller's Market.
Key Takeaway
62060 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62060, IL
How much do homes in 62060, IL cost?
Median Sold Price
$50,000
$39/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62060 have sold for 47.1% more than they did a year ago.
Summary: The median home sold price in 62060 was $50,000 in April 2024, up 47.1% from last year, and the median price per square foot was $39.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21.7K | $22.5K | +3.4% |
| 2 Bedrooms | $34K | $50K | +47.1% |
| 3 Bedrooms | $34K | $60K | +76.5% |
| 4 Bedrooms | $35K | $81.4K | +132.7% |
| 5+ Bedrooms | $141.5K | - | N/A |
Summary: 62060 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 132.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62060 | $34K | $50K | +47.1% |
| 62040 | $112K | $120K | +7.0% |
Housing Supply in 62060, IL
How many homes are available in 62060, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The 62060 real estate market had 10 homes for sale in April 2024, a 66.7% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62060 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62060, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 62060 in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62060, IL
How long does it take to sell a home in 62060, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 1 Day | -96.4% |
Summary: Homes in 62060 had an average of 1 days on market in Apr 2024, down by 96.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62060 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 62060; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.