Is 62881, 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, 62881 has remained a Seller's Market.
Housing Prices in 62881, IL
How much do homes in 62881, IL cost?
Median Sold Price
$129,350
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62881 was $129,350 in April 2024, up 15% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41K | $87.5K | +113.4% |
2 Bedrooms | $61.1K | $84.9K | +38.9% |
3 Bedrooms | $126.2K | $137.5K | +8.9% |
4 Bedrooms | $174K | $190K | +9.2% |
5+ Bedrooms | $167.5K | $177.5K | +6.0% |
Summary: 62881 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.4%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 6%.
Housing Supply in 62881, IL
How many homes are available in 62881, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The 62881 real estate market had 39 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 62881 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 6.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 62881 in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 62881, IL
How long does it take to sell a home in 62881, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 32 Days | -43.6% |
Summary: Homes in 62881 had an average of 32 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 62881; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.