Is 62260, 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, 62260 has remained a Seller's Market.
Housing Prices in 62260, IL
How much do homes in 62260, IL cost?
Median Sold Price
$264,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62260 was $264,000 in April 2024, up 14.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $205K | +12.3% |
2 Bedrooms | $147K | $170K | +15.6% |
3 Bedrooms | $229.9K | $262.5K | +14.2% |
4 Bedrooms | $425K | $360K | -15.3% |
5+ Bedrooms | $296K | $489.9K | +65.5% |
Summary: 62260 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 65.5%.
Housing Supply in 62260, IL
How many homes are available in 62260, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Summary: The 62260 real estate market had 14 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 62260 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 62260 in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 62260, IL
How long does it take to sell a home in 62260, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 78 Days | +2500.0% |
Summary: Homes in 62260 had an average of 78 days on market in Apr 2024, up by 2500% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 62260; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.