$1,722 Closing Credit*
$145,000
1,136 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Brown Realtors
Is 62281, 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, 62281 has remained a Seller's Market.
Key Takeaway
62281 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62281, IL
How much do homes in 62281, IL cost?
Median Sold Price
$354,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,000(-7.3%)
Key Takeaway
Homes in 62281 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 62281 was $354,000 in October 2024, down 7.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.5K | $286.2K | +91.5% |
| 3 Bedrooms | $288.5K | $344.5K | +19.4% |
| 4 Bedrooms | $412.5K | $405K | -1.8% |
| 5+ Bedrooms | $525K | $352.7K | -32.8% |
Summary: 62281 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 91.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 32.8%.
Housing Supply in 62281, IL
How many homes are available in 62281, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 62281 real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 2 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62281 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 increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62281, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 62281 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 62281, IL
How long does it take to sell a home in 62281, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 82 Days | +38.1% |
Summary: Homes in 62281 had an average of 82 days on market in Oct 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62281 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 62281; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.