$2,672 Closing Credit*
$225,000
1,100 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Marquee
Is 62234, 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, 62234 has remained a Seller's Market.
Key Takeaway
62234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62234, IL
How much do homes in 62234, IL cost?
Median Sold Price
$179,916
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,916(+2.8%)
Key Takeaway
Homes in 62234 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 62234 was $179,916 in November 2024, up 2.8% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.7K | $58.5K | +15.3% |
| 2 Bedrooms | $125K | $129.9K | +3.9% |
| 3 Bedrooms | $184.9K | $198K | +7.1% |
| 4 Bedrooms | $254K | $257K | +1.2% |
| 5+ Bedrooms | $302.5K | $320K | +5.8% |
Summary: 62234 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 62234, IL
How many homes are available in 62234, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 103 | +6.2% |
Summary: The 62234 real estate market had 103 homes for sale in November 2024, a 6.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 62234 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 27 | -27.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62234, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 62234 in November 2024, down by 27.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for 62234, IL
How long does it take to sell a home in 62234, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +13.1% |
Summary: Homes in 62234 had an average of 24 days on market in Nov 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62234 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 62234; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.