$594 Closing Credit*
$50,000
1,560 SqFt
4 Beds
•1 Full Bath
Listing Office: Adams Auction & Real Estate Se
Is 62232, 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, 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
$284,484
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,484(+11.6%)
Key Takeaway
Homes in 62232 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 62232 was $284,484 in October 2024, up 11.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $99K | $81.5K | -17.6% |
| 3 Bedrooms | $175.6K | $266K | +51.5% |
| 4 Bedrooms | $369.4K | $510K | +38.0% |
| 5+ Bedrooms | $484.9K | $515K | +6.2% |
Summary: 62232 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 decreased by 17.6%, 3 bedroom homes increased by 51.5%, 4 bedroom homes increased by 38%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 62232, IL
How many homes are available in 62232, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 65 | 0.0% |
Summary: The 62232 real estate market had 65 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 62232 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 decreased by 11.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62232, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 62232 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 133 Days | +189.2% |
Summary: Homes in 62232 had an average of 133 days on market in Oct 2024, up by 189.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62232 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 62232; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.