Is 62084, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62084 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62084 has remained a Seller's Market.

Key Takeaway

62084 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62084, IL

How much do homes in 62084, IL cost?

Median Sold Price

$74,450

$72/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$45,050(-37.7%)

Key Takeaway

Homes in 62084 have sold for 37.7% less than they did a month ago.

Summary: The median home sold price in 62084 was $74,450 in December 2024, down 37.7% from last month, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$104K
N/A
3 $84K$44.9K
-46.5%
4 $155K-
N/A
5+ --
N/A

Summary: 62084 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 decreased by 46.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62084
-37.7%
62048
-71.2%

Housing Supply in 62084, IL

How many homes are available in 62084, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
35+66.7%

Summary: The 62084 real estate market had 5 homes for sale in December 2024, a 66.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 14
+300.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 62084 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 300%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62084, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 62084 in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 62084, IL

How long does it take to sell a home in 62084, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
31 Days40 Days+30.6%

Summary: Homes in 62084 had an average of 40 days on market in Dec 2024, up by 30.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62084 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 62084; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 14 Days Ago

Newest Listings in 62084, IL

Nearby Markets to 62084, IL