Is 62906, 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, 62906 has remained a Seller's Market.
Key Takeaway
62906 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62906, IL
How much do homes in 62906, IL cost?
Median Sold Price
$135,500
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62906 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 62906 was $135,500 in April 2024, up 4.7% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60.5K | $74.8K | +23.6% |
| 3 Bedrooms | $146.4K | $150K | +2.4% |
| 4 Bedrooms | $160K | $234.3K | +46.4% |
| 5+ Bedrooms | $357.5K | - | N/A |
Summary: 62906 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 23.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes did not change.
Housing Supply in 62906, IL
How many homes are available in 62906, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The 62906 real estate market had 33 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62906 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62906, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 62906 in April 2024, up by 125.0% 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 62906, IL
How long does it take to sell a home in 62906, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 110 Days | +25.4% |
Summary: Homes in 62906 had an average of 110 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62906 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 62906; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.