$2,791 Closing Credit*
$235,000
2,863 SqFt
3 Beds
•3 Full Baths
Listing Office: Property Peddler, Inc
Is 62274, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62274 has remained a Seller's Market.
Key Takeaway
62274 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62274, IL
How much do homes in 62274, IL cost?
Median Sold Price
$100,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,000(-25.9%)
Key Takeaway
Homes in 62274 have sold for 25.9% less than they did a year ago.
Summary: The median home sold price in 62274 was $100,000 in November 2024, down 25.9% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $46K | +31.4% |
| 2 Bedrooms | $76.5K | $65K | -15.0% |
| 3 Bedrooms | $135K | $135K | 0.0% |
| 4 Bedrooms | $195K | $135K | -30.8% |
| 5+ Bedrooms | $349.9K | $208K | -40.6% |
Summary: 62274 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 15%, 3 bedroom homes did not change, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 40.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62832 | $81.5K | $101.5K | +24.5% |
| 62274 | $135K | $100K | -25.9% |
Housing Supply in 62274, IL
How many homes are available in 62274, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 62274 real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62274 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62274, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 62274 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 62274, IL
How long does it take to sell a home in 62274, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -28.3% |
Summary: Homes in 62274 had an average of 29 days on market in Nov 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62274 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 62274; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.