$2,078 Closing Credit*
$175,000
2 Beds
•1 Full Bath
Listing Office: Keller Williams Pinnacle
Is 62278, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62278 has remained a Seller's Market.
Key Takeaway
62278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62278, IL
How much do homes in 62278, IL cost?
Median Sold Price
$150,000
$89/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$78,000(-34.2%)
Key Takeaway
Homes in 62278 have sold for 34.2% less than they did a month ago.
Summary: The median home sold price in 62278 was $150,000 in November 2024, down 34.2% from last month, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $63K | N/A |
| 3 Bedrooms | $202K | $231K | +14.4% |
| 4 Bedrooms | $350K | $206K | -41.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62278 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 41.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62278 | $228K | $150K | -34.2% |
| 62264 | $141K | $18K | -87.2% |
Housing Supply in 62278, IL
How many homes are available in 62278, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The 62278 real estate market had 15 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62278 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 increased by 25%, 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 |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 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 62278, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62278 in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 62278, IL
How long does it take to sell a home in 62278, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 64 Days | +128.6% |
Summary: Homes in 62278 had an average of 64 days on market in Nov 2024, up by 128.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62278 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 62278; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.