Is 62061, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62061 has remained a Seller's Market.
Key Takeaway
62061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62061, IL
How much do homes in 62061, IL cost?
Median Sold Price
$359,263
$192/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 62061 have sold for 12.6% more than they did a month ago.
Summary: The median home sold price in 62061 was $359,263 in April 2024, up 12.6% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $290K | $348K | +20.0% |
| 4 Bedrooms | $333.9K | $370.4K | +10.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62061 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62281 | $214.8K | $481K | +123.9% |
| 62061 | $319K | $359.2K | +12.6% |
Housing Supply in 62061, IL
How many homes are available in 62061, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The 62061 real estate market had 8 homes for sale in April 2024, a 38.5% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62061 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62061, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 62061 in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 62061, IL
How long does it take to sell a home in 62061, IL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 276 Days | 719 Days | +160.3% |
Summary: Homes in 62061 had an average of 719 days on market in Apr 2024, up by 160.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62061 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in 62061; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.