$50,000
2.20 Acres
Land
Listing Office: Coldwell Banker Brown Realtors
Is 62275, 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, 62275 has remained a Seller's Market.
Key Takeaway
62275 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62275, IL
How much do homes in 62275, IL cost?
Median Sold Price
$232,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,800(+18.2%)
Key Takeaway
Homes in 62275 have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in 62275 was $232,000 in November 2024, up 18.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $35K | -67.9% |
| 2 Bedrooms | $73K | $75K | +2.7% |
| 3 Bedrooms | $254.9K | $254.9K | 0% |
| 4 Bedrooms | $285K | $312.9K | +9.8% |
| 5+ Bedrooms | - | $695K | N/A |
Summary: 62275 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 increased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes did not change.
Housing Supply in 62275, IL
How many homes are available in 62275, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The 62275 real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62275 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62275, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 62275 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 62275, IL
How long does it take to sell a home in 62275, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 238 Days | 32 Days | -86.3% |
Summary: Homes in 62275 had an average of 32 days on market in Nov 2024, down by 86.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62275 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 62275; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.