$2,018 Closing Credit*
$169,900
2,352 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is 62220, 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, 62220 has remained a Seller's Market.
Key Takeaway
62220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62220, IL
How much do homes in 62220, IL cost?
Median Sold Price
$155,750
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,116(+7.7%)
Key Takeaway
Homes in 62220 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 62220 was $155,750 in November 2024, up 7.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $69.2K | +16.4% |
| 2 Bedrooms | $112.2K | $113.2K | +0.9% |
| 3 Bedrooms | $148.2K | $169.8K | +14.6% |
| 4 Bedrooms | $234.9K | $253K | +7.7% |
| 5+ Bedrooms | $417K | $235K | -43.6% |
Summary: 62220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 43.6%.
Housing Supply in 62220, IL
How many homes are available in 62220, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 98 | -8.4% |
Summary: The 62220 real estate market had 98 homes for sale in November 2024, a 8.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 52 | 47 | -9.6% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62220 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 decreased by 8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62220, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 62220 in November 2024, down by 17.2% month-over-month. Of the 24 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 62220, IL
How long does it take to sell a home in 62220, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 53 Days | +34.0% |
Summary: Homes in 62220 had an average of 53 days on market in Nov 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62220 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 62220; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.