$475 Closing Credit*
$40,000
1,140 SqFt
3 Beds
•1 Full Bath
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 November 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
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$71,500(-38.6%)
Key Takeaway
Homes in 62237 have sold for 38.6% less than they did a year ago.
Summary: The median home sold price in 62237 was $113,500 in November 2024, down 38.6% 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 | $165K | $185K | +12.1% |
| 2 Bedrooms | $107K | $92.9K | -13.2% |
| 3 Bedrooms | $217.4K | $122K | -43.9% |
| 4 Bedrooms | $224.1K | $132.5K | -40.9% |
| 5+ Bedrooms | $575K | - | N/A |
Summary: 62237 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 43.9%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62286 | $69K | $135K | +95.7% |
| 62237 | $185K | $113.5K | -38.6% |
Housing Supply in 62237, IL
How many homes are available in 62237, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 62237 real estate market had 5 homes for sale in November 2024, a 16.7% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62237 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 November 2024, the same as the previous 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 210 Days | 113 Days | -46.1% |
Summary: Homes in 62237 had an average of 113 days on market in Nov 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62237 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in 62237; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.