$1,532 Closing Credit*
$129,000
952 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Marquee
Is 62286, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 62286 was a Neutral Market.
Key Takeaway
62286 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62286, IL
How much do homes in 62286, IL cost?
Median Sold Price
$135,000
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,000(+95.7%)
Key Takeaway
Homes in 62286 have sold for 95.7% more than they did a year ago.
Summary: The median home sold price in 62286 was $135,000 in October 2024, up 95.7% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72.5K | N/A |
| 2 Bedrooms | $50K | $81.5K | +63.0% |
| 3 Bedrooms | $84.7K | $160K | +88.8% |
| 4 Bedrooms | $165.5K | $224K | +35.3% |
| 5+ Bedrooms | $80K | $135K | +68.8% |
Summary: 62286 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 63%, 3 bedroom homes increased by 88.8%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 68.8%.
Median Sold Price Compared To Nearby Zip Codes
| 62286 | $69K | $135K | +95.7% |
| 62257 | $100K | $93.9K | -6.1% |
Housing Supply in 62286, IL
How many homes are available in 62286, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The 62286 real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62286 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 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
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 62286, 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 62286 in October 2024, down by 28.6% month-over-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 62286, IL
How long does it take to sell a home in 62286, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 115 Days | 90 Days | -21.6% |
Summary: Homes in 62286 had an average of 90 days on market in Oct 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62286 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 62286; 20% of homes were sold within 30 days, 40% 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.