Is 62704, 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, 62704 has remained a Seller's Market.
Housing Prices in 62704, IL
How much do homes in 62704, IL cost?
Median Sold Price
$161,550
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62704 was $161,550 in April 2024, up 4.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | $71.5K | +43.3% |
2 Bedrooms | $111K | $111.5K | 0.5% |
3 Bedrooms | $170K | $175K | +2.9% |
4 Bedrooms | $214.5K | $217K | +1.2% |
5+ Bedrooms | $275K | $407.4K | +48.2% |
Summary: 62704 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 48.2%.
Housing Supply in 62704, IL
How many homes are available in 62704, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 150 | +8.7% |
Summary: The 62704 real estate market had 150 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 31 | 37 | +19.4% |
3 Bedrooms | 65 | 75 | +15.4% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 62704 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 46 | -16.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 62704 in April 2024, down by 16.4% month-over-month. Of the 46 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% were sold over asking.
Days on Market for 62704, IL
How long does it take to sell a home in 62704, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 10 Days | -35.4% |
Summary: Homes in 62704 had an average of 10 days on market in Apr 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in 62704; 91% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.