$3,443 Closing Credit*
$289,900
1,972 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Equity Realty Group, LLC
Is 62249, 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, 62249 has remained a Seller's Market.
Key Takeaway
62249 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62249, IL
How much do homes in 62249, IL cost?
Median Sold Price
$229,900
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,900(+9.5%)
Key Takeaway
Homes in 62249 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 62249 was $229,900 in November 2024, up 9.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $135K | +114.2% |
| 2 Bedrooms | $176K | $174.5K | -0.9% |
| 3 Bedrooms | $223K | $235K | +5.3% |
| 4 Bedrooms | $282.4K | $305K | +8.0% |
| 5+ Bedrooms | $305K | $397.4K | +30.3% |
Summary: 62249 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.2%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Zip Codes
| 62061 | $202K | $328.1K | +62.5% |
| 62249 | $210K | $229.9K | +9.5% |
Housing Supply in 62249, IL
How many homes are available in 62249, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The 62249 real estate market had 54 homes for sale in November 2024, a 10.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 62249 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 22.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62249, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 62249 in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for 62249, IL
How long does it take to sell a home in 62249, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 55 Days | +66.0% |
Summary: Homes in 62249 had an average of 55 days on market in Nov 2024, up by 66% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62249 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 62249; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.