Is 62215, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62215 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 62215 has remained a Seller's Market.

Key Takeaway

62215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62215, IL

How much do homes in 62215, IL cost?

Median Sold Price

$283,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,000(+1.4%)

Key Takeaway

Homes in 62215 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 62215 was $283,000 in December 2024, up 1.4% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$310K
N/A
2 --
N/A
3 $326.9K$228.5K
-30.1%
4 $212.5K$425K
+100.0%
5+ -$390K
N/A

Summary: 62215 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62265
+5.3%
62215
+1.4%

Housing Supply in 62215, IL

How many homes are available in 62215, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
65-16.7%

Summary: The 62215 real estate market had 5 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 22
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 62215 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62215, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 62215 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 62215, IL

How long does it take to sell a home in 62215, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
65 Days79 Days+21.5%

Summary: Homes in 62215 had an average of 79 days on market in Dec 2024, up by 21.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62215 has remained consistent over time.

Summary: During December 2024, 2 homes were sold in 62215; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in 62215, IL

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