$808 Closing Credit*
$68,000
1,690 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 62278, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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
$216,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,000(+44.0%)
Key Takeaway
Homes in 62278 have sold for 44% more than they did a year ago.
Summary: The median home sold price in 62278 was $216,000 in October 2024, up 44% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $95K | $158.5K | +66.8% |
| 3 Bedrooms | $182.5K | $243.9K | +33.7% |
| 4 Bedrooms | $281K | $212K | -24.6% |
| 5+ Bedrooms | - | $225K | N/A |
Summary: 62278 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.8%, 3 bedroom homes increased by 33.7%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.
Housing Supply in 62278, IL
How many homes are available in 62278, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The 62278 real estate market had 15 homes for sale in October 2024, a 11.8% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62278 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 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62278, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 62278 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 28 Days | -67.9% |
Summary: Homes in 62278 had an average of 28 days on market in Oct 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62278 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 62278; 40% of homes were sold within 30 days, 60% 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.