Is 62208, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 62208 has remained a Seller's Market.
Housing Prices in 62208, IL
How much do homes in 62208, IL cost?
Median Sold Price
$200,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62208 was $200,000 in March 2024, up 16.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $44.2K | +2.9% |
2 Bedrooms | $125K | $115.1K | -7.9% |
3 Bedrooms | $167.2K | $202.5K | +21.1% |
4 Bedrooms | $285K | $301.1K | +5.7% |
5+ Bedrooms | $329.9K | $395K | +19.7% |
Summary: 62208 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 19.7%.
Housing Supply in 62208, IL
How many homes are available in 62208, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 49 | 0.0% |
Summary: The 62208 real estate market had 49 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 62208 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 62208 in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 62208, IL
How long does it take to sell a home in 62208, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 53 Days | +188.8% |
Summary: Homes in 62208 had an average of 53 days on market in Mar 2024, up by 188.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 62208; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.