Is 62939, 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, 62939 was a Buyer's Market.
Key Takeaway
62939 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 62939, IL
How much do homes in 62939, IL cost?
Median Sold Price
$185,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 62939 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 62939 was $185,000 in April 2024, down 2.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $18K | -81.1% |
| 2 Bedrooms | $186K | $202.5K | +8.9% |
| 3 Bedrooms | $162.5K | $167.5K | +3.1% |
| 4 Bedrooms | $165K | $272.5K | +65.2% |
| 5+ Bedrooms | $494.9K | $300K | -39.4% |
Summary: 62939 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 81.1%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes decreased by 39.4%.
Median Sold Price Compared To Nearby Zip Codes
| 62922 | $225K | $282.5K | +25.6% |
| 62939 | $190.5K | $185K | -2.9% |
Housing Supply in 62939, IL
How many homes are available in 62939, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 62939 real estate market had 20 homes for sale in April 2024, a 11.1% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62939 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 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62939, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62939 in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 62939, IL
How long does it take to sell a home in 62939, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 137 Days | 45 Days | -67.2% |
Summary: Homes in 62939 had an average of 45 days on market in Apr 2024, down by 67.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62939 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 62939; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.