$4,750 Closing Credit*
$400,000
2,542 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Re/Max Alliance
Is 62061, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 62061 was a Neutral Market.
Key Takeaway
62061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62061, IL
How much do homes in 62061, IL cost?
Median Sold Price
$342,685
$211/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$122,685(+55.8%)
Key Takeaway
Homes in 62061 have sold for 55.8% more than they did a month ago.
Summary: The median home sold price in 62061 was $342,685 in October 2024, up 55.8% from last month, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $332.8K | N/A |
| 4 Bedrooms | $220K | $529K | +140.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62061 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 increased by 140.5%, and 5+ bedroom homes did not change.
Housing Supply in 62061, IL
How many homes are available in 62061, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The 62061 real estate market had 8 homes for sale in October 2024, a 33.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62061 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62061, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 62061 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 62061, IL
How long does it take to sell a home in 62061, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 462 Days | +7604.2% |
Summary: Homes in 62061 had an average of 462 days on market in Oct 2024, up by 7604.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62061 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 62061; 25% of homes were sold within 30 days, 25% 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.