$416 Closing Credit*
$35,000
864 SqFt
1 Bed
Listing Office: Market Pro Realty, Inc
Is 62048, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62048 has remained a Seller's Market.
Key Takeaway
62048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62048, IL
How much do homes in 62048, IL cost?
Median Sold Price
$97,375
$89/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$9,625(-9.0%)
Key Takeaway
Homes in 62048 have sold for 9% less than they did a month ago.
Summary: The median home sold price in 62048 was $97,375 in October 2024, down 9% from last month, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $68K | N/A |
| 3 Bedrooms | - | $126.7K | N/A |
| 4 Bedrooms | $107K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 62048 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 62048, IL
How many homes are available in 62048, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The 62048 real estate market had 6 homes for sale in October 2024, a 20.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62048 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62048, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62048 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 62048, IL
How long does it take to sell a home in 62048, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 112 Days | +368.8% |
Summary: Homes in 62048 had an average of 112 days on market in Oct 2024, up by 368.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62048 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 62048; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.