Is 62520, 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, 62520 has remained a Seller's Market.
Housing Prices in 62520, IL
How much do homes in 62520, IL cost?
Median Sold Price
$170,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62520 was $170,000 in April 2024, down 6.8% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149.5K | $104.9K | -29.8% |
3 Bedrooms | $166.2K | $146.2K | -12.0% |
4 Bedrooms | $284K | $285K | 0.4% |
5+ Bedrooms | $850K | $450K | -47.1% |
Summary: 62520 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 29.8%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 47.1%.
Median Sold Price Compared To Nearby Zip Codes
62563 | $225K | $266.5K | +18.4% |
62520 | $182.5K | $170K | -6.8% |
62561 | $161.7K | $146K | -9.7% |
Housing Supply in 62520, IL
How many homes are available in 62520, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The 62520 real estate market had 4 homes for sale in April 2024, a 20.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62520 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 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 62520 in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 62520, IL
How long does it take to sell a home in 62520, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 6 Days | -90.5% |
Summary: Homes in 62520 had an average of 6 days on market in Apr 2024, down by 90.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 62520; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.