$4,869 Closing Credit*
$410,000
2,814 SqFt
4 Beds
•3 Full Baths
Listing Office: Equity Realty Group, LLC
Is 62230, 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, 62230 has remained a Seller's Market.
Key Takeaway
62230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62230, IL
How much do homes in 62230, IL cost?
Median Sold Price
$230,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-8.0%)
Key Takeaway
Homes in 62230 have sold for 8% less than they did a year ago.
Summary: The median home sold price in 62230 was $230,000 in October 2024, down 8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $105.9K | $180K | +69.9% |
| 3 Bedrooms | $250K | $230K | -8.0% |
| 4 Bedrooms | $309.5K | $244.9K | -20.9% |
| 5+ Bedrooms | $262.5K | $447K | +70.3% |
Summary: 62230 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.9%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 70.3%.
Median Sold Price Compared To Nearby Zip Codes
| 62231 | $150.7K | $170K | +12.8% |
| 62230 | $250K | $230K | -8.0% |
| 62216 | $257K | $230.4K | -10.3% |
Housing Supply in 62230, IL
How many homes are available in 62230, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The 62230 real estate market had 17 homes for sale in October 2024, a 41.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62230 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 300%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62230, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62230 in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 62230, IL
How long does it take to sell a home in 62230, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 38 Days | -14.9% |
Summary: Homes in 62230 had an average of 38 days on market in Oct 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62230 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 62230; 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.