$2,078 Closing Credit*
$175,000
1,792 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams Marquee
Is 62088, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 62088 was a Seller's Market.
Key Takeaway
62088 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62088, IL
How much do homes in 62088, IL cost?
Median Sold Price
$143,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,500(+19.6%)
Key Takeaway
Homes in 62088 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 62088 was $143,500 in October 2024, up 19.6% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $119.2K | +138.4% |
| 2 Bedrooms | $82.5K | $110K | +33.3% |
| 3 Bedrooms | $125K | $150K | +20.0% |
| 4 Bedrooms | $181.5K | $229K | +26.2% |
| 5+ Bedrooms | $200K | $189.5K | -5.3% |
Summary: 62088 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.4%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 62088, IL
How many homes are available in 62088, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The 62088 real estate market had 43 homes for sale in October 2024, a 13.2% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 62088 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62088, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 62088 in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 62088, IL
How long does it take to sell a home in 62088, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 29 Days | -27.5% |
Summary: Homes in 62088 had an average of 29 days on market in Oct 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62088 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 62088; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.