Is 62293, 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, 62293 has remained a Seller's Market.
Key Takeaway
62293 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62293, IL
How much do homes in 62293, IL cost?
Median Sold Price
$245,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62293 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 62293 was $245,000 in April 2024, up 15.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $145K | $104.5K | -27.9% |
| 3 Bedrooms | $199K | $233.7K | +17.5% |
| 4 Bedrooms | $382.5K | $427.8K | +11.9% |
| 5+ Bedrooms | $599K | $230K | -61.6% |
Summary: 62293 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 decreased by 27.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 61.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62293 | $212.4K | $245K | +15.3% |
| 62249 | $205K | $220K | +7.3% |
Housing Supply in 62293, IL
How many homes are available in 62293, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The 62293 real estate market had 10 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62293 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 increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62293, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62293 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62293, IL
How long does it take to sell a home in 62293, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 69 Days | -2.6% |
Summary: Homes in 62293 had an average of 69 days on market in Apr 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were 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 62293 has remained consistent over time.
Summary: During April 2024, 3 homes were sold in 62293; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.