Is 62959, 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, 62959 has remained a Seller's Market.
Housing Prices in 62959, IL
How much do homes in 62959, IL cost?
Median Sold Price
$175,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62959 was $175,000 in March 2024, up 5.5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $132K | +55.3% |
2 Bedrooms | $75K | $87.5K | +16.7% |
3 Bedrooms | $165.9K | $175K | +5.5% |
4 Bedrooms | $260K | $264.7K | +1.8% |
5+ Bedrooms | $387K | $425K | +9.8% |
Summary: 62959 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 62959, IL
How many homes are available in 62959, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
117 | 114 | -2.6% |
Summary: The 62959 real estate market had 114 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 64 | 60 | -6.3% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 62959 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 62959 in March 2024, down by 8.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% were sold over asking.
Days on Market for 62959, IL
How long does it take to sell a home in 62959, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 24 Days | -49.0% |
Summary: Homes in 62959 had an average of 24 days on market in Mar 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 62959; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.