Is 62960, 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, 62960 has remained a Seller's Market.
Housing Prices in 62960, IL
How much do homes in 62960, IL cost?
Median Sold Price
$84,000
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 62960 was $84,000 in April 2024, up 5% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $45K | 0.0% |
2 Bedrooms | $56.5K | $59.5K | +5.3% |
3 Bedrooms | $93.5K | $107.9K | +15.4% |
4 Bedrooms | $152K | $130K | -14.5% |
5+ Bedrooms | $395.5K | $189K | -52.2% |
Summary: 62960 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 5.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 52.2%.
Housing Supply in 62960, IL
How many homes are available in 62960, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The 62960 real estate market had 37 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 62960 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 62960 in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 62960, IL
How long does it take to sell a home in 62960, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 21 Days | -77.4% |
Summary: Homes in 62960 had an average of 21 days on market in Apr 2024, down by 77.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 62960; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.