Is 62946, 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, 62946 was a Seller's Market.
Housing Prices in 62946, IL
How much do homes in 62946, IL cost?
Median Sold Price
$80,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62946 was $80,000 in April 2024, down 15.6% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $30K | -60.0% |
2 Bedrooms | $51.4K | $65K | +26.3% |
3 Bedrooms | $119K | $86.5K | -27.3% |
4 Bedrooms | $147.7K | $180K | +21.9% |
5+ Bedrooms | $110K | $28K | -74.5% |
Summary: 62946 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 74.5%.
Median Sold Price Compared To Nearby Zip Codes
62917 | $61.9K | $67K | +8.2% |
62946 | $94.7K | $80K | -15.6% |
Housing Supply in 62946, IL
How many homes are available in 62946, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 41 | -6.8% |
Summary: The 62946 real estate market had 41 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 62946 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 62946 in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 62946, IL
How long does it take to sell a home in 62946, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 75 Days | +16.4% |
Summary: Homes in 62946 had an average of 75 days on market in Apr 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 62946; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.