$1,478 Closing Credit*
$124,500
1,675 SqFt
3 Beds
•1 Full Bath
Sherry Hills, Listing Office: Happel, Inc., REALTORS
Is 62301, 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, 62301 has remained a Seller's Market.
Key Takeaway
62301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62301, IL
How much do homes in 62301, IL cost?
Median Sold Price
$137,583
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,683(+2.0%)
Key Takeaway
Homes in 62301 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 62301 was $137,583 in October 2024, up 2% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.5K | $82.5K | +54.2% |
| 2 Bedrooms | $109.5K | $109K | -0.5% |
| 3 Bedrooms | $142.8K | $150K | +5.0% |
| 4 Bedrooms | $171.2K | $206K | +20.3% |
| 5+ Bedrooms | $214K | $218.5K | +2.1% |
Summary: 62301 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Zip Codes
| 62301 | $134.9K | $137.5K | +2.0% |
| 62305 | $250K | $255K | +2.0% |
Housing Supply in 62301, IL
How many homes are available in 62301, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 | 123 | +15.0% |
Summary: The 62301 real estate market had 123 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 27 | 34 | +25.9% |
| 3 Bedrooms | 51 | 50 | -2.0% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62301 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 25.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62301, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 62301 in October 2024, up by 30.8% month-over-month. Of the 34 sold homes, 47% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for 62301, IL
How long does it take to sell a home in 62301, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 26 Days | -40.4% |
Summary: Homes in 62301 had an average of 26 days on market in Oct 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62301 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 62301; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.