Is 62236, 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, 62236 has remained a Seller's Market.
Key Takeaway
62236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62236, IL
How much do homes in 62236, IL cost?
Median Sold Price
$325,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62236 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 62236 was $325,000 in April 2024, up 9.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $103.5K | -31.0% |
| 2 Bedrooms | $190K | $206K | +8.4% |
| 3 Bedrooms | $310K | $322.2K | +3.9% |
| 4 Bedrooms | $395K | $430K | +8.9% |
| 5+ Bedrooms | $500K | $596K | +19.2% |
Summary: 62236 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 62236, IL
How many homes are available in 62236, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The 62236 real estate market had 26 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 62236 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 decreased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62236, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 62236 in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for 62236, IL
How long does it take to sell a home in 62236, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 46 Days | +39.8% |
Summary: Homes in 62236 had an average of 46 days on market in Apr 2024, up by 39.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62236 has remained consistent over time.
Summary: During April 2024, 9 homes were sold in 62236; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.