$331 Closing Credit*
$27,900
864 SqFt
3 Beds
•1 Full Bath
Listing Office: Landmark Realty
Is 62206, 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, 62206 has remained a Seller's Market.
Key Takeaway
62206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62206, IL
How much do homes in 62206, IL cost?
Median Sold Price
$46,000
$45/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-4.2%)
Key Takeaway
Homes in 62206 have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in 62206 was $46,000 in November 2024, down 4.2% from last year, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $19K | N/A |
| 2 Bedrooms | $30K | $40K | +33.3% |
| 3 Bedrooms | $49.8K | $45.5K | -8.7% |
| 4 Bedrooms | $57K | $65K | +14.0% |
| 5+ Bedrooms | $35K | $44.3K | +26.8% |
Summary: 62206 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 increased by 33.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Zip Codes
| 62206 | $48K | $46K | -4.2% |
| 62239 | $135.5K | $123.7K | -8.7% |
Housing Supply in 62206, IL
How many homes are available in 62206, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The 62206 real estate market had 62 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 45 | 38 | -15.6% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62206 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 15.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62206, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 62206 in November 2024, the same as the previous month. Of the 20 sold homes, 30% were sold under asking, 70% were sold at asking, and 0% were sold over asking.
Days on Market for 62206, IL
How long does it take to sell a home in 62206, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 19 Days | -66.4% |
Summary: Homes in 62206 had an average of 19 days on market in Nov 2024, down by 66.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62206 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 62206; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.