$2,791 Closing Credit*
$235,000
1,484 SqFt
3 Beds
•2 Full Baths
Listing Office: Live Laugh Illinois Real Estat
Is 62221, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$248,180
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,346(+1.4%)
Key Takeaway
Homes in 62221 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 62221 was $248,180 in December 2024, up 1.4% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | $100.5K | +66.1% |
| 2 Bedrooms | $130K | $133.5K | +2.7% |
| 3 Bedrooms | $212.1K | $232.5K | +9.6% |
| 4 Bedrooms | $310K | $331K | +6.8% |
| 5+ Bedrooms | $348K | $422.5K | +21.4% |
Summary: 62221 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 62221, IL
How many homes are available in 62221, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 115 | 110 | -4.3% |
Summary: The 62221 real estate market had 110 homes for sale in December 2024, a 4.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 53 | 43 | -18.9% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 62221 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62221, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 62221 in December 2024, up by 37.0% month-over-month. Of the 37 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 51 Days | 35 Days | -31.0% |
Summary: Homes in 62221 had an average of 35 days on market in Dec 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62221 has remained consistent over time.
Summary: During December 2024, 37 homes were sold in 62221; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.