Housing Prices in 62051, IL

How much do homes in 62051, IL cost?

Median List Price

$49,000

$13/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$37,000(-43.0%)

Key Takeaway

The list price of homes in 62051 has decreased by 43% since last year.

Summary: The median home list price in 62051 was $49,000 in October 2024, down 43% from the previous year, and the median price per square foot was $13.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $43K-
N/A
2 $300K$149.5K
-50.2%
3 $92.9K$68K
-26.8%
4 -$30K
N/A
5+ $7.9K$7.9K
0.0%

Summary: 62051 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50.2%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

62075
+45.3%
62094
+32.1%
62049
+9.6%
62051
-43.0%

Housing Supply in 62051, IL

How many homes are available in 62051, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13+200.0%

Summary: The 62051 real estate market had 3 homes for sale in October 2024, a 200.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 01
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 62051 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 62051, IL

How long does it take to sell a home in 62051, IL?

Average Listing Age

Oct 2023Oct 2024CHANGE
352 Days102 Days-71.0%

Summary: Homes in 62051 had an average listing age of 102 days in Oct 2024, down by 71% compared to the previous year.

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

Report Updated 4 Days Ago

Newest Listings in 62051, IL

Nearby Markets to 62051, IL