$1,602 Closing Credit*
$134,900
1,344 SqFt
2 Beds
•2 Full Baths
Listing Office: Montgomery County Realty, Inc.
Is 62049, 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, 62049 was a Seller's Market.
Key Takeaway
62049 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62049, IL
How much do homes in 62049, IL cost?
Median Sold Price
$125,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,500(-7.1%)
Key Takeaway
Homes in 62049 have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in 62049 was $125,000 in November 2024, down 7.1% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28.7K | $63K | +119.1% |
| 2 Bedrooms | $72.5K | $57.5K | -20.7% |
| 3 Bedrooms | $160K | $160.5K | 0.3% |
| 4 Bedrooms | $209.9K | $133.9K | -36.2% |
| 5+ Bedrooms | $173.5K | $420K | +142.1% |
Summary: 62049 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 119.1%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes increased by 142.1%.
Housing Supply in 62049, IL
How many homes are available in 62049, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 62049 real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62049 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
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 62049, 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 62049 in November 2024, down by 71.4% 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 62049, IL
How long does it take to sell a home in 62049, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 110 Days | +32.5% |
Summary: Homes in 62049 had an average of 110 days on market in Nov 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62049 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in 62049; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.