$771 Closing Credit*
$64,900
1,104 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Re/Max River Bend
Is 62024, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 62024 has remained a Seller's Market.
Key Takeaway
62024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62024, IL
How much do homes in 62024, IL cost?
Median Sold Price
$136,500
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+20.3%)
Key Takeaway
Homes in 62024 have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in 62024 was $136,500 in October 2024, up 20.3% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $20K | -54.5% |
| 2 Bedrooms | $79K | $95.6K | +21.0% |
| 3 Bedrooms | $144.2K | $163K | +13.0% |
| 4 Bedrooms | $172K | $175K | +1.7% |
| 5+ Bedrooms | $185K | $127.7K | -30.9% |
Summary: 62024 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 30.9%.
Housing Supply in 62024, IL
How many homes are available in 62024, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 62024 real estate market had 39 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 62024 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62024, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 62024 in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 62024, IL
How long does it take to sell a home in 62024, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 76 Days | +123.3% |
Summary: Homes in 62024 had an average of 76 days on market in Oct 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62024 has remained consistent over time.
Summary: During October 2024, 14 homes were sold in 62024; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.