Is 62629, 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, 62629 has remained a Seller's Market.
Key Takeaway
62629 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62629, IL
How much do homes in 62629, IL cost?
Median Sold Price
$285,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62629 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 62629 was $285,000 in April 2024, up 9.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96K | N/A |
| 2 Bedrooms | $154.4K | $148.4K | -3.9% |
| 3 Bedrooms | $219K | $230K | +5.0% |
| 4 Bedrooms | $330K | $355.7K | +7.8% |
| 5+ Bedrooms | $388.7K | $387K | -0.4% |
Summary: 62629 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 3.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Zip Codes
| 62629 | $259.9K | $285K | +9.7% |
| 62711 | $315K | $321.2K | +2.0% |
| 62615 | $145K | $140K | -3.4% |
Housing Supply in 62629, IL
How many homes are available in 62629, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 65 | +16.1% |
Summary: The 62629 real estate market had 65 homes for sale in April 2024, a 16.1% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 62629 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 increased by 100%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62629, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 62629 in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for 62629, IL
How long does it take to sell a home in 62629, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 54 Days | +55.6% |
Summary: Homes in 62629 had an average of 54 days on market in Apr 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62629 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 62629; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.