$2,434 Closing Credit*
$205,000
1,728 SqFt
3 Beds
•2 Full Baths
Listing Office: Bond County Realtors
Is 62275, 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, 62275 was a Neutral 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
$215,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,900(-10.4%)
Key Takeaway
Homes in 62275 have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in 62275 was $215,000 in October 2024, down 10.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $35K | -67.9% |
| 2 Bedrooms | $73K | $75K | +2.7% |
| 3 Bedrooms | $279.9K | $215K | -23.2% |
| 4 Bedrooms | $285K | $312.9K | +9.8% |
| 5+ Bedrooms | - | $695K | N/A |
Summary: 62275 housing prices by bedroom type for October 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 decreased by 23.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The 62275 real estate market had 7 homes for sale in October 2024, a 75.0% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62275 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 62275, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62275 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 38 Days | -45.2% |
Summary: Homes in 62275 had an average of 38 days on market in Oct 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 October 2024, 3 homes were sold in 62275; 33% of homes were sold within 30 days, 67% 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.