$1,364 Closing Credit*
$114,900
4 Beds
•1 Full Bath
Listing Office: American Realty Group
Is 62074, 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, 62074 has remained a Seller's Market.
Key Takeaway
62074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62074, IL
How much do homes in 62074, IL cost?
Median Sold Price
$285,100
$111/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$130,100(+83.9%)
Key Takeaway
Homes in 62074 have sold for 83.9% more than they did a month ago.
Summary: The median home sold price in 62074 was $285,100 in October 2024, up 83.9% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $22.5K | - | N/A |
| 3 Bedrooms | $493K | $145K | -70.6% |
| 4 Bedrooms | $155K | $425.2K | +174.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62074 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 decreased by 70.6%, 4 bedroom homes increased by 174.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62058 | $63.2K | $510K | +707.0% |
| 62074 | $155K | $285.1K | +83.9% |
Housing Supply in 62074, IL
How many homes are available in 62074, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The 62074 real estate market had 4 homes for sale in October 2024, a 33.3% decrease 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 | 2 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62074 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 decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62074, 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 62074 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 62074, IL
How long does it take to sell a home in 62074, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 36 Days | -5.3% |
Summary: Homes in 62074 had an average of 36 days on market in Oct 2024, down by 5.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62074 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 62074; 0% of homes were sold within 30 days, 100% 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.