Is 62274, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 62274 was a Buyer's Market.
Key Takeaway
62274 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62274, IL
How much do homes in 62274, IL cost?
Median Sold Price
$116,200
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62274 have sold for 18.5% less than they did a year ago.
Summary: The median home sold price in 62274 was $116,200 in April 2024, down 18.5% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $35K | 0.0% |
| 2 Bedrooms | $65K | $79.9K | +22.9% |
| 3 Bedrooms | $136K | $146.7K | +7.9% |
| 4 Bedrooms | $184.9K | $230K | +24.4% |
| 5+ Bedrooms | - | $278.9K | N/A |
Summary: 62274 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62832 | $90K | $90K | 0.0% |
| 62274 | $142.5K | $116.2K | -18.5% |
Housing Supply in 62274, IL
How many homes are available in 62274, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The 62274 real estate market had 25 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 62274 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 increased by 60%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62274, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62274 in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for 62274, IL
How long does it take to sell a home in 62274, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 44 Days | -35.8% |
Summary: Homes in 62274 had an average of 44 days on market in Apr 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62274 has remained consistent over time.
Summary: During April 2024, 8 homes were sold in 62274; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.