Is 62561, 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, 62561 has remained a Seller's Market.
Housing Prices in 62561, IL
How much do homes in 62561, IL cost?
Median Sold Price
$146,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62561 was $146,000 in April 2024, down 9.7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $166K | +315.0% |
2 Bedrooms | $87K | $84.5K | -2.9% |
3 Bedrooms | $163K | $148.7K | -8.8% |
4 Bedrooms | $195K | $186K | -4.6% |
5+ Bedrooms | $190K | $133K | -30.0% |
Summary: 62561 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Zip Codes
62693 | $200K | $210K | +5.0% |
62684 | $261.4K | $265K | +1.4% |
62520 | $182.5K | $170K | -6.8% |
62561 | $161.7K | $146K | -9.7% |
Housing Supply in 62561, IL
How many homes are available in 62561, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Summary: The 62561 real estate market had 11 homes for sale in April 2024, a 8.3% 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 | 9 | 8 | -11.1% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62561 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 decreased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 62561 in April 2024, the same as the previous 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 62561, IL
How long does it take to sell a home in 62561, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 4 Days | -43.3% |
Summary: Homes in 62561 had an average of 4 days on market in Apr 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
4 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, 4 homes were sold in 62561; 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.