$6,531 Closing Credit*
$550,000
1,975 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Re/Max Alliance
Is 62281, 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, 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
$320,000
$148/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$62,500(+24.3%)
Key Takeaway
Homes in 62281 have sold for 24.3% more than they did a month ago.
Summary: The median home sold price in 62281 was $320,000 in December 2024, up 24.3% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | - | N/A |
| 4 Bedrooms | - | $320K | N/A |
| 5+ Bedrooms | $300K | - | N/A |
Summary: 62281 housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62061 | $290K | $415K | +43.1% |
| 62281 | $257.5K | $320K | +24.3% |
Housing Supply in 62281, IL
How many homes are available in 62281, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 62281 real estate market had 5 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62281 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 62281, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 62281 in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 Days | 43 Days | +152.9% |
Summary: Homes in 62281 had an average of 43 days on market in Dec 2024, up by 152.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62281 has remained consistent over time.
Summary: During December 2024, 1 homes were sold in 62281; 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.