Is 62262, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62262 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 62262 has remained a Seller's Market.

Key Takeaway

62262 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62262, IL

How much do homes in 62262, IL cost?

Median Sold Price

$130,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$39,900(-23.5%)

Key Takeaway

Homes in 62262 have sold for 23.5% less than they did a year ago.

Summary: The median home sold price in 62262 was $130,000 in November 2024, down 23.5% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K$36K
-67.9%
2 -$104K
N/A
3 $202.4K$130K
-35.8%
4 $175K$547.8K
+213.1%
5+ -$6K
N/A

Summary: 62262 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 35.8%, 4 bedroom homes increased by 213.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62471
+26.1%
62246
+15.2%
62262
-23.5%

Housing Supply in 62262, IL

How many homes are available in 62262, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
220.0%

Summary: The 62262 real estate market had 2 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 62262 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62262, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 62262 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 62262, IL

How long does it take to sell a home in 62262, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
188 Days29 Days-84.6%

Summary: Homes in 62262 had an average of 29 days on market in Nov 2024, down by 84.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62262 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 62262; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 62262, IL

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