$2,255 Closing Credit*
$189,900
1,632 SqFt
3 Beds
•1 Full Bath
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 December 2023
At the same time last year, 62230 was a Neutral 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
$234,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$16,000(-6.4%)
Key Takeaway
Homes in 62230 have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in 62230 was $234,000 in December 2024, down 6.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $154.9K | $192K | +24.0% |
| 3 Bedrooms | $250K | $234K | -6.4% |
| 4 Bedrooms | $275.2K | $244.9K | -11.0% |
| 5+ Bedrooms | $262.5K | $348K | +32.6% |
Summary: 62230 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62231 | $133.2K | $177.2K | +33.0% |
| 62230 | $250K | $234K | -6.4% |
| 62216 | $253.7K | $220K | -13.3% |
Housing Supply in 62230, IL
How many homes are available in 62230, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The 62230 real estate market had 12 homes for sale in December 2024, a 7.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62230 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62230, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62230 in December 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 37 Days | 134 Days | +264.0% |
Summary: Homes in 62230 had an average of 134 days on market in Dec 2024, up by 264% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62230 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in 62230; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.