$4,513 Closing Credit*
$380,000
2,400 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Preferred
Is 62221, 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, 62221 has remained a Seller's Market.
Key Takeaway
62221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62221, IL
How much do homes in 62221, IL cost?
Median Sold Price
$250,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,325(+8.4%)
Key Takeaway
Homes in 62221 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 62221 was $250,000 in October 2024, up 8.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $92K | +37.3% |
| 2 Bedrooms | $130K | $134.5K | +3.5% |
| 3 Bedrooms | $213.6K | $230K | +7.6% |
| 4 Bedrooms | $292.4K | $335K | +14.5% |
| 5+ Bedrooms | $357.5K | $420K | +17.5% |
Summary: 62221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 17.5%.
Housing Supply in 62221, IL
How many homes are available in 62221, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 133 | +3.1% |
Summary: The 62221 real estate market had 133 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 40 | 48 | +20.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 62221 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62221, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 62221 in October 2024, down by 5.1% month-over-month. Of the 37 sold homes, 32% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for 62221, IL
How long does it take to sell a home in 62221, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +81.6% |
Summary: Homes in 62221 had an average of 45 days on market in Oct 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62221 has remained consistent over time.
Summary: During October 2024, 37 homes were sold in 62221; 27% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.