$2,470 Closing Credit*
$208,000
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Seven Oaks Realty
Is 62246, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 62246 was a Seller's Market.
Key Takeaway
62246 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 62246, IL
How much do homes in 62246, IL cost?
Median Sold Price
$153,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+8.5%)
Key Takeaway
Homes in 62246 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 62246 was $153,000 in October 2024, up 8.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | - | N/A |
| 2 Bedrooms | $78K | $116K | +48.7% |
| 3 Bedrooms | $157.9K | $166.5K | +5.4% |
| 4 Bedrooms | $261K | $215.1K | -17.6% |
| 5+ Bedrooms | $157K | $453K | +188.5% |
Summary: 62246 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 188.5%.
Median Sold Price Compared To Nearby Zip Codes
| 62246 | $141K | $153K | +8.5% |
| 62275 | $239.9K | $215K | -10.4% |
Housing Supply in 62246, IL
How many homes are available in 62246, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The 62246 real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 62246 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 increased by 20%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62246, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62246 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 62246, IL
How long does it take to sell a home in 62246, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 89 Days | +53.4% |
Summary: Homes in 62246 had an average of 89 days on market in Oct 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62246 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 62246; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.