$4,750 Closing Credit*
$400,000
2,054 SqFt
3 Beds
•2 Full Baths
Listing Office: Re/Max Signature Properties
Is 62295, 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, 62295 has remained a Seller's Market.
Key Takeaway
62295 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62295, IL
How much do homes in 62295, IL cost?
Median Sold Price
$248,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,900(+5.9%)
Key Takeaway
Homes in 62295 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 62295 was $248,900 in October 2024, up 5.9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $145K | $220K | +51.7% |
| 3 Bedrooms | $235K | $256K | +8.9% |
| 4 Bedrooms | $259.5K | $248.9K | -4.1% |
| 5+ Bedrooms | $275K | - | N/A |
Summary: 62295 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 51.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Housing Supply in 62295, IL
How many homes are available in 62295, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Summary: The 62295 real estate market had 5 homes for sale in October 2024, a 66.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62295 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
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 62295, 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 62295 in October 2024, up by 100.0% 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 62295, IL
How long does it take to sell a home in 62295, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -42.9% |
Summary: Homes in 62295 had an average of 4 days on market in Oct 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62295 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 62295; 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.