$2,019 Closing Credit*
$170,000
2 Beds
•1 Full Bath
Listing Office: Real Broker LLC
Is 62231, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62231 has remained a Seller's Market.
Key Takeaway
62231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62231, IL
How much do homes in 62231, IL cost?
Median Sold Price
$169,900
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,900(+6.2%)
Key Takeaway
Homes in 62231 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 62231 was $169,900 in November 2024, up 6.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $48.5K | N/A |
| 2 Bedrooms | $117.5K | $172.5K | +46.8% |
| 3 Bedrooms | $160K | $174.7K | +9.2% |
| 4 Bedrooms | $178K | $129.9K | -27.0% |
| 5+ Bedrooms | $282.5K | - | N/A |
Summary: 62231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62231 | $160K | $169.9K | +6.2% |
| 62230 | $250K | $232K | -7.2% |
Housing Supply in 62231, IL
How many homes are available in 62231, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The 62231 real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62231, 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 62231 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for 62231, IL
How long does it take to sell a home in 62231, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 27 Days | -45.3% |
Summary: Homes in 62231 had an average of 27 days on market in Nov 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62231 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 62231; 63% of homes were sold within 30 days, 25% 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.