Is 62864, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 62864 was a Seller's Market.
Housing Prices in 62864, IL
How much do homes in 62864, IL cost?
Median Sold Price
$140,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62864 was $140,000 in March 2024, up 12% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70.2K | $56.1K | -20.1% |
2 Bedrooms | $56.5K | $61.2K | +8.4% |
3 Bedrooms | $122.5K | $141K | +15.1% |
4 Bedrooms | $228K | $191K | -16.2% |
5+ Bedrooms | $276K | $237.5K | -13.9% |
Summary: 62864 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Zip Codes
62864 | $125K | $140K | +12.0% |
62898 | $138.2K | $146.5K | +6.0% |
Housing Supply in 62864, IL
How many homes are available in 62864, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 68 | +33.3% |
Summary: The 62864 real estate market had 68 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 62864 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 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 62864 in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 62864, IL
How long does it take to sell a home in 62864, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 29 Days | -45.4% |
Summary: Homes in 62864 had an average of 29 days on market in Mar 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 62864; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.