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 26 Days Ago

Newest Listings in 62265, IL

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