$1,958 Closing Credit*
$164,900
1,600 SqFt
3 Beds
•2 Full Baths
Listing Office: Equity Realty Group, LLC
Is 62208, 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, 62208 has remained a Seller's Market.
Key Takeaway
62208 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62208, IL
How much do homes in 62208, IL cost?
Median Sold Price
$192,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-1.5%)
Key Takeaway
Homes in 62208 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 62208 was $192,000 in November 2024, down 1.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | $51.5K | +37.3% |
| 2 Bedrooms | $127K | $147.5K | +16.1% |
| 3 Bedrooms | $191.2K | $197K | +3.0% |
| 4 Bedrooms | $280K | $320.2K | +14.4% |
| 5+ Bedrooms | $395K | $415K | +5.1% |
Summary: 62208 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 62208, IL
How many homes are available in 62208, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 71 | -5.3% |
Summary: The 62208 real estate market had 71 homes for sale in November 2024, a 5.3% 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 | 20 | 21 | +5.0% |
| 3 Bedrooms | 38 | 31 | -18.4% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 62208 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 increased by 5%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62208, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 62208 in November 2024, up by 13.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 62208, IL
How long does it take to sell a home in 62208, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 43 Days | +80.0% |
Summary: Homes in 62208 had an average of 43 days on market in Nov 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62208 has remained consistent over time.
Summary: During November 2024, 26 homes were sold in 62208; 35% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.