Is 62265, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62265 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 62265 has remained a Seller's Market.

Key Takeaway

62265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62265, IL

How much do homes in 62265, IL cost?

Median Sold Price

$208,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+12.4%)

Key Takeaway

Homes in 62265 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 62265 was $208,000 in October 2024, up 12.4% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$93.8K
-39.4%
3 $180K$202K
+12.2%
4 $213K$324.9K
+52.6%
5+ $347K$370K
+6.6%

Summary: 62265 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 39.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 6.6%.

Housing Supply in 62265, IL

How many homes are available in 62265, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The 62265 real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 78
+14.3%
4 10
-100.0%
5+ 01
+100.0%

Summary: The 62265 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 62265, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 62265 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 62265, IL

How long does it take to sell a home in 62265, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days58 Days+244.1%

Summary: Homes in 62265 had an average of 58 days on market in Oct 2024, up by 244.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62265 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 62265; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in 62265, IL

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