Is 62206, 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, 62206 has remained a Seller's Market.
Key Takeaway
62206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62206, IL
How much do homes in 62206, IL cost?
Median Sold Price
$45,500
$48/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62206 have sold for 35.8% more than they did a year ago.
Summary: The median home sold price in 62206 was $45,500 in April 2024, up 35.8% from last year, and the median price per square foot was $48.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $19K | -72.1% |
| 2 Bedrooms | $28.2K | $35K | +23.9% |
| 3 Bedrooms | $33K | $50K | +51.5% |
| 4 Bedrooms | $74.5K | $57.5K | -22.8% |
| 5+ Bedrooms | $72K | $43.7K | -39.3% |
Summary: 62206 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 51.5%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Zip Codes
| 62206 | $33.5K | $45.5K | +35.8% |
| 62239 | $136.5K | $146K | +7.0% |
| 62207 | $67.9K | $21.7K | -68.0% |
Housing Supply in 62206, IL
How many homes are available in 62206, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 88 | +31.3% |
Summary: The 62206 real estate market had 88 homes for sale in April 2024, a 31.3% 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 | 12 | 21 | +75.0% |
| 3 Bedrooms | 41 | 53 | +29.3% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62206 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 75%, 3 bedroom homes increased by 29.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62206, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 62206 in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 40% were sold under asking, 45% were sold at asking, and 15% were sold over asking.
Days on Market for 62206, IL
How long does it take to sell a home in 62206, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -22.3% |
Summary: Homes in 62206 had an average of 30 days on market in Apr 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62206 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 62206; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.