$3,680 Closing Credit*
$309,900
2,827 SqFt
4 Beds
•3 Full Baths, 1 Partial
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 October 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
$210,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+22.8%)
Key Takeaway
Homes in 62254 have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in 62254 was $210,000 in October 2024, up 22.8% 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 | $115K | - | N/A |
| 2 Bedrooms | $135K | $120K | -11.1% |
| 3 Bedrooms | $170K | $210K | +23.5% |
| 4 Bedrooms | $210K | $224K | +6.7% |
| 5+ Bedrooms | $370K | $425K | +14.9% |
Summary: 62254 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 decreased by 11.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 62254, IL
How many homes are available in 62254, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The 62254 real estate market had 29 homes for sale in October 2024, a 31.8% 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 | 7 | 11 | +57.1% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62254 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 57.1%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62254, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62254 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 64 Days | +105.7% |
Summary: Homes in 62254 had an average of 64 days on market in Oct 2024, up by 105.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 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 October 2024, 5 homes were sold in 62254; 20% of homes were sold within 30 days, 60% 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.