$4,691 Closing Credit*
$395,000
1,660 SqFt
2 Beds
•3 Full Baths
Listing Office: Re/Max Alliance
Is 62037, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 62037 was a Seller's Market.
Key Takeaway
62037 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 62037, IL
How much do homes in 62037, IL cost?
Median Sold Price
$290,250
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$96,250(+49.6%)
Key Takeaway
Homes in 62037 have sold for 49.6% more than they did a year ago.
Summary: The median home sold price in 62037 was $290,250 in November 2024, up 49.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219.5K | $259K | +18.0% |
| 3 Bedrooms | $252.5K | $334K | +32.3% |
| 4 Bedrooms | $177.5K | $340K | +91.5% |
| 5+ Bedrooms | $151K | $262.5K | +73.8% |
Summary: 62037 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 increased by 18%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 91.5%, and 5+ bedroom homes increased by 73.8%.
Housing Supply in 62037, IL
How many homes are available in 62037, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The 62037 real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 62037 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62037, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62037 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62037, IL
How long does it take to sell a home in 62037, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 126 Days | 33 Days | -73.4% |
Summary: Homes in 62037 had an average of 33 days on market in Nov 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62037 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 62037; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.