Is 62223, 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, 62223 has remained a Seller's Market.
Housing Prices in 62223, IL
How much do homes in 62223, IL cost?
Median Sold Price
$165,500
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62223 was $165,500 in March 2024, up 11.3% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.7K | $35.7K | -34.7% |
2 Bedrooms | $116.3K | $113.4K | -2.5% |
3 Bedrooms | $150K | $165K | +10.0% |
4 Bedrooms | $235K | $250K | +6.4% |
5+ Bedrooms | $364.9K | $316K | -13.4% |
Summary: 62223 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.7%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in 62223, IL
How many homes are available in 62223, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 71 | -1.4% |
Summary: The 62223 real estate market had 71 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 39 | 34 | -12.8% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62223 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 13.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 62223 in March 2024, up by 10.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 62223, IL
How long does it take to sell a home in 62223, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 49 Days | +56.2% |
Summary: Homes in 62223 had an average of 49 days on market in Mar 2024, up by 56.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 62223; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.