Is 62563, 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, 62563 has remained a Seller's Market.
Housing Prices in 62563, IL
How much do homes in 62563, IL cost?
Median Sold Price
$266,500
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62563 was $266,500 in April 2024, up 18.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $167K | $210K | +25.7% |
3 Bedrooms | $198K | $260K | +31.3% |
4 Bedrooms | $261.5K | $305K | +16.6% |
5+ Bedrooms | $453.7K | - | N/A |
Summary: 62563 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 increased by 25.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
62563 | $225K | $266.5K | +18.4% |
62712 | $273K | $289.9K | +6.2% |
62520 | $182.5K | $170K | -6.8% |
Housing Supply in 62563, IL
How many homes are available in 62563, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The 62563 real estate market had 19 homes for sale in April 2024, a 5.0% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 62563 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 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 62563 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 62563, IL
How long does it take to sell a home in 62563, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 6 Days | +140.0% |
Summary: Homes in 62563 had an average of 6 days on market in Apr 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
5 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, 5 homes were sold in 62563; 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.