Is 62896, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 62896 was a Seller's Market.
Housing Prices in 62896, IL
How much do homes in 62896, IL cost?
Median Sold Price
$87,250
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62896 was $87,250 in April 2024, up 3.4% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | $39K | -18.8% |
2 Bedrooms | $38K | $73K | +92.1% |
3 Bedrooms | $93.5K | $102K | +9.1% |
4 Bedrooms | $147.5K | $114.5K | -22.4% |
5+ Bedrooms | $150.7K | $36K | -76.1% |
Summary: 62896 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 92.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 76.1%.
Median Sold Price Compared To Nearby Zip Codes
62896 | $84.4K | $87.2K | +3.4% |
62951 | $94.5K | $83K | -12.2% |
Housing Supply in 62896, IL
How many homes are available in 62896, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 54 | +3.8% |
Summary: The 62896 real estate market had 54 homes for sale in April 2024, a 3.8% increase 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 | 18 | 15 | -16.7% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62896 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 decreased by 16.7%, 3 bedroom homes increased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 62896 in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 62896, IL
How long does it take to sell a home in 62896, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 38 Days | +175.0% |
Summary: Homes in 62896 had an average of 38 days on market in Apr 2024, up by 175% compared to last year.
Breakdown of Home Sale Times
4 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, 8 homes were sold in 62896; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.