$1,899 Closing Credit*
$159,900
1,539 SqFt
3 Beds
•2 Full Baths
Listing Office: Red Door Realty Group Inc
Is 62254, 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, 62254 has remained a Seller's Market.
Key Takeaway
62254 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62254, IL
How much do homes in 62254, IL cost?
Median Sold Price
$185,000
$109/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 62254 has remained the same since last year.
Summary: The median home sold price in 62254 was $185,000 in November 2024, the same as last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $74K | -35.7% |
| 2 Bedrooms | $135K | $122K | -9.6% |
| 3 Bedrooms | $185K | $210K | +13.5% |
| 4 Bedrooms | $210K | $224K | +6.7% |
| 5+ Bedrooms | $375.7K | $435K | +15.8% |
Summary: 62254 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 62254, IL
How many homes are available in 62254, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The 62254 real estate market had 31 homes for sale in November 2024, a 10.7% 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 | 10 | 13 | +30.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62254 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 increased by 30%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62254, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 62254 in November 2024, up by 100.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for 62254, IL
How long does it take to sell a home in 62254, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 55 Days | 0.0% |
Summary: Homes in 62254 had an average of 55 days on market in Nov 2024, the same as last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62254 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 62254; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.