Is 62812, 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, 62812 has remained a Seller's Market.
Key Takeaway
62812 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62812, IL
How much do homes in 62812, IL cost?
Median Sold Price
$86,950
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62812 have sold for 14.3% less than they did a year ago.
Summary: The median home sold price in 62812 was $86,950 in April 2024, down 14.3% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $28.9K | -17.4% |
| 2 Bedrooms | $66.7K | $62.5K | -6.4% |
| 3 Bedrooms | $119.5K | $105.5K | -11.7% |
| 4 Bedrooms | $138.9K | $139.5K | 0.4% |
| 5+ Bedrooms | $277.4K | $232.5K | -16.2% |
Summary: 62812 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in 62812, IL
How many homes are available in 62812, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The 62812 real estate market had 54 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 62812 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 7.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62812, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 62812 in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for 62812, IL
How long does it take to sell a home in 62812, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | -0.3% |
Summary: Homes in 62812 had an average of 42 days on market in Apr 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62812 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 62812; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.