$2,611 Closing Credit*
$219,900
1,664 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Cisler & Assoc Real Estate
Is 62088, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62088 has remained a Seller's Market.
Key Takeaway
62088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62088, IL
How much do homes in 62088, IL cost?
Median Sold Price
$145,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+19.3%)
Key Takeaway
Homes in 62088 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 62088 was $145,000 in November 2024, up 19.3% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $119.2K | +138.4% |
| 2 Bedrooms | $82.5K | $117.5K | +42.4% |
| 3 Bedrooms | $124K | $157.5K | +27.0% |
| 4 Bedrooms | $222.5K | $229K | +2.9% |
| 5+ Bedrooms | $311K | $225K | -27.7% |
Summary: 62088 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.4%, 2 bedroom homes increased by 42.4%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Zip Codes
| 62009 | $72.9K | $95K | +30.3% |
| 62088 | $121.5K | $145K | +19.3% |
Housing Supply in 62088, IL
How many homes are available in 62088, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The 62088 real estate market had 43 homes for sale in November 2024, a 16.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 62088 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 decreased by 16.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62088, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62088 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 83 Days | +66.4% |
Summary: Homes in 62088 had an average of 83 days on market in Nov 2024, up by 66.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62088 has remained consistent over time.
Summary: During November 2024, 8 homes were sold in 62088; 25% of homes were sold within 30 days, 50% 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.