Is 62286, 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, 62286 was a Seller's Market.
Key Takeaway
62286 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62286, IL
How much do homes in 62286, IL cost?
Median Sold Price
$114,500
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62286 have sold for 55.8% more than they did a year ago.
Summary: The median home sold price in 62286 was $114,500 in April 2024, up 55.8% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $46.7K | $73.2K | +56.7% |
| 3 Bedrooms | $96K | $116.4K | +21.3% |
| 4 Bedrooms | $61.7K | $258K | +317.8% |
| 5+ Bedrooms | - | $80K | N/A |
Summary: 62286 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 56.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 317.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62286 | $73.5K | $114.5K | +55.8% |
| 62257 | $106.2K | $102.5K | -3.5% |
Housing Supply in 62286, IL
How many homes are available in 62286, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The 62286 real estate market had 31 homes for sale in April 2024, a 3.1% decrease 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62286 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62286, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 62286 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 62286, IL
How long does it take to sell a home in 62286, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 132 Days | 86 Days | -34.7% |
Summary: Homes in 62286 had an average of 86 days on market in Apr 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62286 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 62286; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.