$110,000
2.90 Acres
Land
Listing Office: 360 Prime Realty Group, LLC
Is 62097, 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, 62097 has remained a Seller's Market.
Key Takeaway
62097 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62097, IL
How much do homes in 62097, IL cost?
Median Sold Price
$257,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$67,400(-20.7%)
Key Takeaway
Homes in 62097 have sold for 20.7% less than they did a year ago.
Summary: The median home sold price in 62097 was $257,500 in November 2024, down 20.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $130K | -17.2% |
| 3 Bedrooms | $289K | $291.5K | +0.9% |
| 4 Bedrooms | $459.9K | $359K | -21.9% |
| 5+ Bedrooms | $423.5K | $540K | +27.5% |
Summary: 62097 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Zip Codes
| 62067 | $225K | $250K | +11.1% |
| 62097 | $324.9K | $257.5K | -20.7% |
Housing Supply in 62097, IL
How many homes are available in 62097, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The 62097 real estate market had 10 homes for sale in November 2024, a 16.7% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62097 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 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62097, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 62097 in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 62097, IL
How long does it take to sell a home in 62097, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 48 Days | -35.7% |
Summary: Homes in 62097 had an average of 48 days on market in Nov 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62097 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 62097; 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.