$1,176 Closing Credit*
$99,000
BETH MILLER-PORTER, Listing Office: SHAMROCK REAL ESTATE
Is 62274, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 62274 was a Buyer'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 October 2023
-$61,700(-38.2%)
Key Takeaway
Homes in 62274 have sold for 38.2% less than they did a year ago.
Summary: The median home sold price in 62274 was $100,000 in October 2024, down 38.2% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $46K | +31.4% |
| 2 Bedrooms | $78.9K | $65K | -17.7% |
| 3 Bedrooms | $135K | $133.5K | -1.1% |
| 4 Bedrooms | $220K | $150K | -31.8% |
| 5+ Bedrooms | $349.9K | $208K | -40.6% |
Summary: 62274 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes decreased by 40.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62832 | $78.9K | $101.5K | +28.6% |
| 62274 | $161.7K | $100K | -38.2% |
Housing Supply in 62274, IL
How many homes are available in 62274, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 62274 real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62274 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 decreased by 10%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62274, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62274 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 40 Days | +920.0% |
Summary: Homes in 62274 had an average of 40 days on market in Oct 2024, up by 920% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62274 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 62274; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.