$404 Closing Credit*
$34,000
888 SqFt
3 Beds
•1 Full Bath
Listing Office: Market Pro Realty, Inc
Is 62232, 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, 62232 has remained a Buyer's Market.
Key Takeaway
62232 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62232, IL
How much do homes in 62232, IL cost?
Median Sold Price
$283,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+8.8%)
Key Takeaway
Homes in 62232 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 62232 was $283,000 in November 2024, up 8.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $113K | $77.5K | -31.4% |
| 3 Bedrooms | $176.2K | $270K | +53.2% |
| 4 Bedrooms | $369.9K | $468.2K | +26.6% |
| 5+ Bedrooms | $565K | $490K | -13.3% |
Summary: 62232 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 decreased by 31.4%, 3 bedroom homes increased by 53.2%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 13.3%.
Housing Supply in 62232, IL
How many homes are available in 62232, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Summary: The 62232 real estate market had 67 homes for sale in November 2024, a 6.3% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 62232 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 decreased by 14.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62232, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62232 in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 62232, IL
How long does it take to sell a home in 62232, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 139 Days | 40 Days | -71.1% |
Summary: Homes in 62232 had an average of 40 days on market in Nov 2024, down by 71.1% 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 62232 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 62232; 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.