Is 62656, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 62656 has remained a Seller's Market.
Housing Prices in 62656, IL
How much do homes in 62656, IL cost?
Median Sold Price
$110,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62656 was $110,000 in March 2024, down 2.4% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32K | $42K | +31.3% |
2 Bedrooms | $73K | $76.3K | +4.6% |
3 Bedrooms | $128.7K | $119.4K | -7.2% |
4 Bedrooms | $182.5K | $159.2K | -12.7% |
5+ Bedrooms | $220K | $170K | -22.7% |
Summary: 62656 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 22.7%.
Housing Supply in 62656, IL
How many homes are available in 62656, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 54 | 0.0% |
Summary: The 62656 real estate market had 54 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 30 | 23 | -23.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 62656 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 62656 in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 50% were sold at asking, and 15% were sold over asking.
Days on Market for 62656, IL
How long does it take to sell a home in 62656, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 11 Days | -47.7% |
Summary: Homes in 62656 had an average of 11 days on market in Mar 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 62656; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.