Is 62644, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 62644 was a Buyer's Market.
Key Takeaway
62644 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62644, IL
How much do homes in 62644, IL cost?
Median Sold Price
$70,000
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62644 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 62644 was $70,000 in April 2024, up 0.7% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $86K | +72.0% |
| 2 Bedrooms | $46.7K | $50.2K | +7.5% |
| 3 Bedrooms | $69.5K | $72.5K | +4.3% |
| 4 Bedrooms | $115K | $146K | +27.0% |
| 5+ Bedrooms | $180K | $94.2K | -47.6% |
Summary: 62644 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 27%, and 5+ bedroom homes decreased by 47.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62644 | $69.5K | $70K | +0.7% |
| 61542 | $87K | $74.5K | -14.4% |
Housing Supply in 62644, IL
How many homes are available in 62644, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The 62644 real estate market had 23 homes for sale in April 2024, a 9.5% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62644 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62644, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 62644 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62644, IL
How long does it take to sell a home in 62644, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 1 Day | 90 Days | +8950.0% |
Summary: Homes in 62644 had an average of 90 days on market in Apr 2024, up by 8950% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62644 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 62644; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.