Is 62690, 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, 62690 has remained a Seller's Market.
Key Takeaway
62690 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62690, IL
How much do homes in 62690, IL cost?
Median Sold Price
$90,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62690 have sold for 21.7% less than they did a year ago.
Summary: The median home sold price in 62690 was $90,000 in April 2024, down 21.7% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.2K | $80K | +76.8% |
| 2 Bedrooms | $79.9K | $77.6K | -2.8% |
| 3 Bedrooms | $125K | $105K | -16.0% |
| 4 Bedrooms | $184K | $167.4K | -9.0% |
| 5+ Bedrooms | - | $195K | N/A |
Summary: 62690 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62615 | $145K | $140K | -3.4% |
| 62690 | $114.9K | $90K | -21.7% |
Housing Supply in 62690, IL
How many homes are available in 62690, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The 62690 real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62690 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62690, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62690 in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 62690, IL
How long does it take to sell a home in 62690, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 72 Days | +34.1% |
Summary: Homes in 62690 had an average of 72 days on market in Apr 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62690 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 62690; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.