Is 62901, 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, 62901 has remained a Buyer's Market.
Housing Prices in 62901, IL
How much do homes in 62901, IL cost?
Median Sold Price
$121,750
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62901 was $121,750 in April 2024, up 2.7% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $61.7K | $74K | +19.8% |
3 Bedrooms | $120K | $124.9K | +4.1% |
4 Bedrooms | $168K | $161.2K | -4.0% |
5+ Bedrooms | $350K | $130K | -62.9% |
Summary: 62901 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 62.9%.
Median Sold Price Compared To Nearby Zip Codes
62918 | $185K | $193.2K | +4.5% |
62901 | $118.5K | $121.7K | +2.7% |
62924 | $89.5K | $82.5K | -7.8% |
Housing Supply in 62901, IL
How many homes are available in 62901, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 127 | +18.7% |
Summary: The 62901 real estate market had 127 homes for sale in April 2024, a 18.7% increase 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 | 20 | 22 | +10.0% |
3 Bedrooms | 51 | 64 | +25.5% |
4 Bedrooms | 26 | 33 | +26.9% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 62901 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 10%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 62901 in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for 62901, IL
How long does it take to sell a home in 62901, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 97 Days | +115.2% |
Summary: Homes in 62901 had an average of 97 days on market in Apr 2024, up by 115.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 62901; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.