$2,968 Closing Credit*
$249,900
Listing Office: Prime Real Estate and Property
Is 62288, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 62288 has remained a Seller's Market.
Key Takeaway
62288 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62288, IL
How much do homes in 62288, IL cost?
Median Sold Price
$124,150
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$14,850(-10.7%)
Key Takeaway
Homes in 62288 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 62288 was $124,150 in December 2024, down 10.7% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74.7K | - | N/A |
| 2 Bedrooms | $105K | $315K | +200.0% |
| 3 Bedrooms | $145.5K | $113.3K | -22.1% |
| 4 Bedrooms | $197K | $135K | -31.5% |
| 5+ Bedrooms | - | $75K | N/A |
Summary: 62288 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes decreased by 31.5%, and 5+ bedroom homes did not change.
Housing Supply in 62288, IL
How many homes are available in 62288, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The 62288 real estate market had 4 homes for sale in December 2024, a 42.9% 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 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62288 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 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 62288, 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 62288 in December 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 62288, IL
How long does it take to sell a home in 62288, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 33 Days | 51 Days | +54.5% |
Summary: Homes in 62288 had an average of 51 days on market in Dec 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62288 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 62288; 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.