Is 62226, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 62226 has remained a Seller's Market.
Housing Prices in 62226, IL
How much do homes in 62226, IL cost?
Median Sold Price
$158,562
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 62226 was $158,562 in February 2024, down 8.7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $29.5K | $50.5K | +71.2% |
2 Bedrooms | $114.5K | $119.9K | +4.7% |
3 Bedrooms | $172.5K | $165K | -4.3% |
4 Bedrooms | $312K | $275K | -11.9% |
5+ Bedrooms | $300K | $365.5K | +21.8% |
Summary: 62226 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in 62226, IL
How many homes are available in 62226, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
102 | 97 | -4.9% |
Summary: The 62226 real estate market had 97 homes for sale in February 2024, a 4.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 62 | 56 | -9.7% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 62226 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 62226 in February 2024, up by 12.5% month-over-month. Of the 27 sold homes, 37% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for 62226, IL
How long does it take to sell a home in 62226, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
65 Days | 60 Days | -7.9% |
Summary: Homes in 62226 had an average of 60 days on market in Feb 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 27 homes were sold in 62226; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.