$3,076 Closing Credit*
$259,000
1,100 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Pinnacle
Is 62237, 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, 62237 has remained a Seller's Market.
Key Takeaway
62237 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62237, IL
How much do homes in 62237, IL cost?
Median Sold Price
$113,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$103,950(-47.8%)
Key Takeaway
Homes in 62237 have sold for 47.8% less than they did a year ago.
Summary: The median home sold price in 62237 was $113,500 in October 2024, down 47.8% 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 | $165K | $185K | +12.1% |
| 2 Bedrooms | $178.9K | $92.9K | -48.1% |
| 3 Bedrooms | $205K | $132K | -35.6% |
| 4 Bedrooms | $265K | $90K | -66.0% |
| 5+ Bedrooms | $575K | - | N/A |
Summary: 62237 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 48.1%, 3 bedroom homes decreased by 35.6%, 4 bedroom homes decreased by 66%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62286 | $69K | $135K | +95.7% |
| 62257 | $100K | $93.9K | -6.1% |
| 62237 | $217.4K | $113.5K | -47.8% |
Housing Supply in 62237, IL
How many homes are available in 62237, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The 62237 real estate market had 7 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 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62237 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62237, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62237 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 62237, IL
How long does it take to sell a home in 62237, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 70 Days | +13.7% |
Summary: Homes in 62237 had an average of 70 days on market in Oct 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62237 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 62237; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.