Is 62205, 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, 62205 has remained a Seller's Market.
Housing Prices in 62205, IL
How much do homes in 62205, IL cost?
Median Sold Price
$27,500
$23/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62205 was $27,500 in April 2024, up 22.2% from last year, and the median price per square foot was $23.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $5.8K | N/A |
2 Bedrooms | $13.7K | $29K | +110.9% |
3 Bedrooms | $22.7K | $25.7K | +13.2% |
4 Bedrooms | - | $32K | N/A |
5+ Bedrooms | $30K | $15K | -50.0% |
Summary: 62205 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 110.9%, 3 bedroom homes increased by 13.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Zip Codes
62205 | $22.5K | $27.5K | +22.2% |
62203 | $60K | $42.5K | -29.2% |
62207 | $67.9K | $21.7K | -68.0% |
Housing Supply in 62205, IL
How many homes are available in 62205, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Summary: The 62205 real estate market had 10 homes for sale in April 2024, a 11.1% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62205 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 62205 in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 62205, IL
How long does it take to sell a home in 62205, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 15 Days | -58.1% |
Summary: Homes in 62205 had an average of 15 days on market in Apr 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 62205; 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.