Is 62301, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62301 has remained a Seller's Market.
Key Takeaway
62301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62301, IL
How much do homes in 62301, IL cost?
Median Sold Price
$131,750
$91/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 62301 have sold for 4.2% more than they did a month ago.
Summary: The median home sold price in 62301 was $131,750 in April 2024, up 4.2% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $94.2K | N/A |
| 2 Bedrooms | $112.5K | $85K | -24.4% |
| 3 Bedrooms | $127K | $150K | +18.1% |
| 4 Bedrooms | $173K | $195K | +12.7% |
| 5+ Bedrooms | $455K | - | N/A |
Summary: 62301 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.4%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62301 | $126.5K | $131.7K | +4.2% |
| 62305 | $266K | $255K | -4.1% |
Housing Supply in 62301, IL
How many homes are available in 62301, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 128 | -9.2% |
Summary: The 62301 real estate market had 128 homes for sale in April 2024, a 9.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 43 | 33 | -23.3% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62301 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 32 | -36.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62301, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 62301 in April 2024, down by 36.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% were sold over asking.
Days on Market for 62301, IL
How long does it take to sell a home in 62301, IL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 39 Days | -30.0% |
Summary: Homes in 62301 had an average of 39 days on market in Apr 2024, down by 30% compared to last month.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62301 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in 62301; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.