$2,611 Closing Credit*
$219,900
2 Beds
•2 Full Baths
Listing Office: Kues Bros. Realty, Ltd.
Is 62216, 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, 62216 has remained a Seller's Market.
Key Takeaway
62216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62216, IL
How much do homes in 62216, IL cost?
Median Sold Price
$230,462
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,537(-10.3%)
Key Takeaway
Homes in 62216 have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in 62216 was $230,462 in October 2024, down 10.3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152K | $210K | +38.2% |
| 3 Bedrooms | $257K | $220K | -14.4% |
| 4 Bedrooms | $292.4K | $310K | +6.0% |
| 5+ Bedrooms | - | $616.5K | N/A |
Summary: 62216 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 38.2%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62249 | $210K | $230K | +9.5% |
| 62230 | $250K | $230K | -8.0% |
| 62216 | $257K | $230.4K | -10.3% |
Housing Supply in 62216, IL
How many homes are available in 62216, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The 62216 real estate market had 4 homes for sale in October 2024, a 20.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62216 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62216, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62216 in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62216, IL
How long does it take to sell a home in 62216, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 50 Days | -27.2% |
Summary: Homes in 62216 had an average of 50 days on market in Oct 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62216 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 62216; 50% of homes were sold within 30 days, 50% 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.