Housing Prices in 62242, IL

How much do homes in 62242, IL cost?

Median List Price

$200,000

$116/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$15,000(-7.0%)

Key Takeaway

The list price of homes in 62242 has decreased by 7% since last year.

Summary: The median home list price in 62242 was $200,000 in November 2024, down 7% from the previous year, and the median price per square foot was $116.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$245K
-5.8%
2 -$248.7K
N/A
3 $141K$112.9K
-19.9%
4 -$194.9K
N/A
5+ $229K$229K
0.0%

Summary: 62242 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

62278
+21.2%
62242
-7.0%

Housing Supply in 62242, IL

How many homes are available in 62242, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34+33.3%

Summary: The 62242 real estate market had 4 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 00
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The 62242 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for 62242, IL

How long does it take to sell a home in 62242, IL?

Average Listing Age

Nov 2023Nov 2024CHANGE
80 Days82 Days+1.7%

Summary: Homes in 62242 had an average listing age of 82 days in Nov 2024, up by 1.7% compared to the previous year.

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

Report Updated 21 Days Ago

Newest Listings in 62242, IL

Nearby Markets to 62242, IL