$1,781 Closing Credit*
$150,000
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Brown Realtors
Is 62231, 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, 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
$170,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,250(+12.8%)
Key Takeaway
Homes in 62231 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 62231 was $170,000 in October 2024, up 12.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $48.5K | N/A |
| 2 Bedrooms | $107.5K | $172.5K | +60.4% |
| 3 Bedrooms | $165K | $179.5K | +8.8% |
| 4 Bedrooms | $175K | $129.9K | -25.8% |
| 5+ Bedrooms | $185K | $380K | +105.4% |
Summary: 62231 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 60.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes increased by 105.4%.
Median Sold Price Compared To Nearby Zip Codes
| 62231 | $150.7K | $170K | +12.8% |
| 62230 | $250K | $230K | -8.0% |
Housing Supply in 62231, IL
How many homes are available in 62231, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The 62231 real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62231 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 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62231, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 62231 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 81 Days | +125.7% |
Summary: Homes in 62231 had an average of 81 days on market in Oct 2024, up by 125.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62231 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 62231; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.