Is 62246, 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, 62246 has remained a Seller's Market.
Housing Prices in 62246, IL
How much do homes in 62246, IL cost?
Median Sold Price
$145,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62246 was $145,000 in March 2024, up 7.4% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $73K | +97.3% |
2 Bedrooms | $73.4K | $91.2K | +24.2% |
3 Bedrooms | $142.5K | $158.5K | +11.2% |
4 Bedrooms | $229K | $207.5K | -9.4% |
5+ Bedrooms | $212K | $315K | +48.6% |
Summary: 62246 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.3%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Zip Codes
62275 | $207.9K | $226K | +8.7% |
62246 | $135K | $145K | +7.4% |
Housing Supply in 62246, IL
How many homes are available in 62246, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Summary: The 62246 real estate market had 31 homes for sale in March 2024, a 10.7% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 62246 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 decreased by 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 62246 in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 62246, IL
How long does it take to sell a home in 62246, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
117 Days | 89 Days | -24.4% |
Summary: Homes in 62246 had an average of 89 days on market in Mar 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 62246; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.