$3,086 Closing Credit*
$259,900
1,300 SqFt
2 Beds
•2 Full Baths
Listing Office: Re/Max Signature Properties
Is 62254, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$173,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$12,000(-6.5%)
Key Takeaway
Homes in 62254 have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in 62254 was $173,000 in December 2024, down 6.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $74K | -35.7% |
| 2 Bedrooms | $135K | $133.5K | -1.1% |
| 3 Bedrooms | $212.5K | $210K | -1.2% |
| 4 Bedrooms | $210K | $224K | +6.7% |
| 5+ Bedrooms | $375.7K | $435K | +15.8% |
Summary: 62254 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1.2%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The 62254 real estate market had 22 homes for sale in December 2024, a 18.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62254 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62254, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 62254 in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 49 Days | -13.9% |
Summary: Homes in 62254 had an average of 49 days on market in Dec 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62254 has remained consistent over time.
Summary: During December 2024, 9 homes were sold in 62254; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.