$4,750 Closing Credit*
$400,000
2,361 SqFt
3 Beds
•2 Full Baths
Listing Office: Berkshire Hathaway Select
Is 62226, 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, 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
$162,900
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$7,100(+4.6%)
Key Takeaway
Homes in 62226 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 62226 was $162,900 in December 2024, up 4.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.5K | $79.9K | +58.3% |
| 2 Bedrooms | $119.4K | $115K | -3.7% |
| 3 Bedrooms | $157K | $169.9K | +8.2% |
| 4 Bedrooms | $280K | $310K | +10.7% |
| 5+ Bedrooms | $388K | $344K | -11.3% |
Summary: 62226 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in 62226, IL
How many homes are available in 62226, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 106 | 105 | -0.9% |
Summary: The 62226 real estate market had 105 homes for sale in December 2024, a 0.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 36 | 35 | -2.8% |
| 3 Bedrooms | 52 | 52 | 0.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62226 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 decreased by 2.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 33 | +50.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62226, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 62226 in December 2024, up by 50.0% month-over-month. Of the 33 sold homes, 39% were sold under asking, 18% were sold at asking, and 42% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 38 Days | -8.7% |
Summary: Homes in 62226 had an average of 38 days on market in Dec 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 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 December 2024, 33 homes were sold in 62226; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.