$3,266 Closing Credit*
$275,000
1,634 SqFt
4 Beds
•2 Full Baths
Listing Office: Premier Farm 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 October 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
$310,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-3.1%)
Key Takeaway
Homes in 62097 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 62097 was $310,000 in October 2024, down 3.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $152.5K | +19.6% |
| 3 Bedrooms | $274.5K | $321.5K | +17.1% |
| 4 Bedrooms | $459.9K | $359K | -21.9% |
| 5+ Bedrooms | $423.5K | $540K | +27.5% |
Summary: 62097 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Zip Codes
| 62067 | $202.5K | $235K | +16.0% |
| 62097 | $320K | $310K | -3.1% |
Housing Supply in 62097, IL
How many homes are available in 62097, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 62097 real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62097 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
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 October 2024, up by 33.3% month-over-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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 37 Days | -18.8% |
Summary: Homes in 62097 had an average of 37 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62097 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 62097; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.