Is 62922, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 62922 has remained a Seller's Market.
Housing Prices in 62922, IL
How much do homes in 62922, IL cost?
Median Sold Price
$285,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62922 was $285,000 in March 2024, up 27.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $325K | +109.7% |
2 Bedrooms | $70K | $157.5K | +125.0% |
3 Bedrooms | $243.9K | $298.5K | +22.4% |
4 Bedrooms | $280K | $309K | +10.4% |
5+ Bedrooms | - | $500K | N/A |
Summary: 62922 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
62922 | $223.2K | $285K | +27.7% |
62959 | $165.9K | $175K | +5.5% |
Housing Supply in 62922, IL
How many homes are available in 62922, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The 62922 real estate market had 23 homes for sale in March 2024, a 15.0% 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 | 5 | 8 | +60.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62922 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 60%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 62922 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 62922, IL
How long does it take to sell a home in 62922, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 99 Days | +44.2% |
Summary: Homes in 62922 had an average of 99 days on market in Mar 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 62922; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.