$2,060 Closing Credit*
$173,500
2 Beds
•1 Full Bath
Listing Office: Welcome Home Real Estate Llc
Is 62285, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62285 has remained a Seller's Market.
Key Takeaway
62285 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62285, IL
How much do homes in 62285, IL cost?
Median Sold Price
$285,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+5.6%)
Key Takeaway
Homes in 62285 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 62285 was $285,000 in November 2024, up 5.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.9K | $196.5K | +3.4% |
| 3 Bedrooms | $241K | $279K | +15.8% |
| 4 Bedrooms | $366.5K | $315K | -14.1% |
| 5+ Bedrooms | $515.5K | $625K | +21.2% |
Summary: 62285 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 21.2%.
Housing Supply in 62285, IL
How many homes are available in 62285, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 62285 real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 62285 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62285, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62285 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62285, IL
How long does it take to sell a home in 62285, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -41.3% |
Summary: Homes in 62285 had an average of 22 days on market in Nov 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62285 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 62285; 100% of homes were sold within 30 days, 0% 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.