Is 62086, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62086 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62086 has remained a Seller's Market.

Key Takeaway

62086 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62086, IL

How much do homes in 62086, IL cost?

Median Sold Price

$168,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$219,950(-56.7%)

Key Takeaway

Homes in 62086 have sold for 56.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $387.9K$168K
-56.7%
4 --
N/A
5+ --
N/A

Summary: 62086 housing prices by bedroom type for November 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 56.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62086
-56.7%
62074
-95.4%

Housing Supply in 62086, IL

How many homes are available in 62086, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The 62086 real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 42
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 62086 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62086, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62086 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62086, IL

How long does it take to sell a home in 62086, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
88 Days72 Days-18.2%

Summary: Homes in 62086 had an average of 72 days on market in Nov 2024, down by 18.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 62086 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 62086; 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.

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

Report Updated 21 Days Ago

Newest Listings in 62086, IL

Nearby Markets to 62086, IL