$2,552 Closing Credit*
$214,900
2,461 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Pinnacle
Is 62226, 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, 62226 has remained a Seller's Market.
Key Takeaway
62226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62226, IL
How much do homes in 62226, IL cost?
Median Sold Price
$166,120
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,120(+6.5%)
Key Takeaway
Homes in 62226 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 62226 was $166,120 in October 2024, up 6.5% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $79.9K | +59.9% |
| 2 Bedrooms | $116.5K | $117K | 0.4% |
| 3 Bedrooms | $157K | $163.5K | +4.1% |
| 4 Bedrooms | $295.2K | $303.5K | +2.8% |
| 5+ Bedrooms | $339K | $344K | +1.5% |
Summary: 62226 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 62226, IL
How many homes are available in 62226, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 117 | +11.4% |
Summary: The 62226 real estate market had 117 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 36 | 47 | +30.6% |
| 3 Bedrooms | 45 | 47 | +4.4% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 62226 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 increased by 30.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
12 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 62226, you could pay more than the asking price. 38.2% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 62226 in October 2024, up by 6.3% month-over-month. Of the 34 sold homes, 35% were sold under asking, 26% were sold at asking, and 38% were sold over asking.
Days on Market for 62226, IL
How long does it take to sell a home in 62226, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 50 Days | +77.0% |
Summary: Homes in 62226 had an average of 50 days on market in Oct 2024, up by 77% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62226 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 62226; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.