Is 62239, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62239 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62239 has remained a Seller's Market.

Key Takeaway

62239 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62239, IL

How much do homes in 62239, IL cost?

Median Sold Price

$163,500

$106/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$52,500(+47.3%)

Key Takeaway

Homes in 62239 have sold for 47.3% more than they did a month ago.

Summary: The median home sold price in 62239 was $163,500 in October 2024, up 47.3% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $111K-
N/A
3 $38.8K$163.5K
+321.4%
4 $147.7K-
N/A
5+ --
N/A

Summary: 62239 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 321.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62239, IL

How many homes are available in 62239, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1410-28.6%

Summary: The 62239 real estate market had 10 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 55
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 62239 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62239, 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 62239 in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 62239, IL

How long does it take to sell a home in 62239, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
26 Days26 Days-1.4%

Summary: Homes in 62239 had an average of 26 days on market in Oct 2024, down by 1.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62239 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 62239; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 62239, IL

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