Is 62703, 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, 62703 has remained a Seller's Market.
Housing Prices in 62703, IL
How much do homes in 62703, IL cost?
Median Sold Price
$95,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62703 was $95,500 in April 2024, up 0.5% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.5K | $40K | -19.2% |
2 Bedrooms | $75K | $70K | -6.7% |
3 Bedrooms | $124.9K | $125K | 0.1% |
4 Bedrooms | $102.5K | $129.9K | +26.7% |
5+ Bedrooms | $149.7K | $160.7K | +7.3% |
Summary: 62703 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Zip Codes
62712 | $273K | $289.9K | +6.2% |
62704 | $154.7K | $161.5K | +4.4% |
62703 | $95K | $95.5K | 0.5% |
Housing Supply in 62703, IL
How many homes are available in 62703, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 107 | +1.9% |
Summary: The 62703 real estate market had 107 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 47 | 48 | +2.1% |
3 Bedrooms | 47 | 47 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62703 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 62703 in April 2024, down by 8.6% month-over-month. Of the 32 sold homes, 44% were sold under asking, 16% were sold at asking, and 41% were sold over asking.
Days on Market for 62703, IL
How long does it take to sell a home in 62703, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 13 Days | +54.2% |
Summary: Homes in 62703 had an average of 13 days on market in Apr 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 62703; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.