Is 62258, 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, 62258 has remained a Seller's Market.
Key Takeaway
62258 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62258, IL
How much do homes in 62258, IL cost?
Median Sold Price
$280,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 62258 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 62258 was $280,000 in March 2024, up 12.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.4K | $147.5K | -23.4% |
| 3 Bedrooms | $225K | $292.7K | +30.1% |
| 4 Bedrooms | $267.9K | $285K | +6.4% |
| 5+ Bedrooms | $377.5K | $473.9K | +25.5% |
Summary: 62258 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 decreased by 23.4%, 3 bedroom homes increased by 30.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Zip Codes
| 62265 | $150K | $199K | +32.7% |
| 62243 | $236.7K | $278K | +17.4% |
| 62221 | $225K | $255.6K | +13.6% |
| 62258 | $248.6K | $280K | +12.6% |
Housing Supply in 62258, IL
How many homes are available in 62258, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Summary: The 62258 real estate market had 37 homes for sale in March 2024, a 15.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 62258 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62258, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 62258 in March 2024, down by 30.8% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for 62258, IL
How long does it take to sell a home in 62258, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 32 Days | -65.5% |
Summary: Homes in 62258 had an average of 32 days on market in Mar 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62258 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 62258; 44% of homes were sold within 30 days, 44% 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.