Is 62305, 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, 62305 has remained a Seller's Market.
Key Takeaway
62305 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62305, IL
How much do homes in 62305, IL cost?
Median Sold Price
$255,000
$104/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 62305 have sold for 4.1% less than they did a month ago.
Summary: The median home sold price in 62305 was $255,000 in April 2024, down 4.1% from last month, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $40K | -84.0% |
| 3 Bedrooms | $288.1K | $215.9K | -25.0% |
| 4 Bedrooms | $277.9K | $351K | +26.3% |
| 5+ Bedrooms | $830K | $255K | -69.3% |
Summary: 62305 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 84%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 69.3%.
Median Sold Price Compared To Nearby Zip Codes
| 62301 | $126.5K | $131.7K | +4.2% |
| 62305 | $266K | $255K | -4.1% |
| 62360 | $315K | $121.5K | -61.4% |
Housing Supply in 62305, IL
How many homes are available in 62305, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Summary: The 62305 real estate market had 45 homes for sale in April 2024, a 15.4% increase 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 16 | 26 | +62.5% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 62305 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 decreased by 12.5%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62305, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 62305 in April 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 62305, IL
How long does it take to sell a home in 62305, IL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 31 Days | -30.7% |
Summary: Homes in 62305 had an average of 31 days on market in Apr 2024, down by 30.7% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62305 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 62305; 64% of homes were sold within 30 days, 27% 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.