Is 62232, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 62232 was a Seller's Market.
Housing Prices in 62232, IL
How much do homes in 62232, IL cost?
Median Sold Price
$284,742
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62232 was $284,742 in March 2024, up 83.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $93K | $131K | +40.9% |
3 Bedrooms | $135K | $222.6K | +65.0% |
4 Bedrooms | $354.5K | $409.9K | +15.6% |
5+ Bedrooms | $450K | $600K | +33.3% |
Summary: 62232 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 33.3%.
Housing Supply in 62232, IL
How many homes are available in 62232, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 81 | +3.8% |
Summary: The 62232 real estate market had 81 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 40 | 43 | +7.5% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 62232 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 62232 in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 62232, IL
How long does it take to sell a home in 62232, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 291 Days | +192.9% |
Summary: Homes in 62232 had an average of 291 days on market in Mar 2024, up by 192.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 62232; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.