Is 62033, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62033 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 62033 was a Seller's Market.

Key Takeaway

62033 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 62033, IL

How much do homes in 62033, IL cost?

Median Sold Price

$111,950

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,950(+23.0%)

Key Takeaway

Homes in 62033 have sold for 23% more than they did a year ago.

Summary: The median home sold price in 62033 was $111,950 in November 2024, up 23% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $80K$72K
-10.0%
3 $113K$120K
+6.2%
4 $163K$117.5K
-27.9%
5+ $119K$418K
+251.3%

Summary: 62033 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes increased by 251.3%.

Median Sold Price Compared To Nearby Zip Codes

62009
+30.3%
62033
+23.0%
62088
+19.3%
62069
+6.5%

Housing Supply in 62033, IL

How many homes are available in 62033, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The 62033 real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 109
-10.0%
3 1210
-16.7%
4 00
0.0%
5+ 10
-100.0%

Summary: The 62033 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62033, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 62033 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 62033, IL

How long does it take to sell a home in 62033, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
92 Days30 Days-66.8%

Summary: Homes in 62033 had an average of 30 days on market in Nov 2024, down by 66.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62033 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 62033; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 62033, IL

Nearby Markets to 62033, IL