$474 Closing Credit*
$39,900
902 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Brown Realtors
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
$34,000
$39/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$84,000(-71.2%)
Key Takeaway
Homes in 62048 have sold for 71.2% less than they did a month ago.
Summary: The median home sold price in 62048 was $34,000 in December 2024, down 71.2% from last month, and the median price per square foot was $39.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $34K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $118K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 62048 housing prices by bedroom type for December 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.
Median Sold Price Compared To Nearby Zip Codes
| 62084 | $119.5K | $74.4K | -37.7% |
| 62048 | $118K | $34K | -71.2% |
Housing Supply in 62048, IL
How many homes are available in 62048, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 62048 real estate market had 5 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62048 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62048, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 62048 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 Day | 25 Days | +2400.0% |
Summary: Homes in 62048 had an average of 25 days on market in Dec 2024, up by 2400% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62048 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in 62048; 100% of homes were sold within 30 days, 0% 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.