Is 62650, 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, 62650 has remained a Seller's Market.
Key Takeaway
62650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62650, IL
How much do homes in 62650, IL cost?
Median Sold Price
$127,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62650 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 62650 was $127,000 in April 2024, up 0.8% 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 | $78.4K | $46.5K | -40.7% |
| 2 Bedrooms | $87.9K | $95.5K | +8.6% |
| 3 Bedrooms | $137.2K | $145K | +5.7% |
| 4 Bedrooms | $170.7K | $179.9K | +5.4% |
| 5+ Bedrooms | $193K | $211K | +9.3% |
Summary: 62650 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 62650, IL
How many homes are available in 62650, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 75 | +5.6% |
Summary: The 62650 real estate market had 75 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 62650 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 43.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62650, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 62650 in April 2024, up by 36.4% month-over-month. Of the 30 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 62650, IL
How long does it take to sell a home in 62650, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +58.2% |
Summary: Homes in 62650 had an average of 29 days on market in Apr 2024, up by 58.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62650 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in 62650; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.