$2,909 Closing Credit*
$245,000
1,823 SqFt
5 Beds
•2 Full Baths
Jacquelyn Weisenburger, Listing Office: Happel, Inc., REALTORS
Is 62305, 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, 62305 has remained a Seller's Market.
Key Takeaway
62305 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62305, IL
How much do homes in 62305, IL cost?
Median Sold Price
$255,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+2.0%)
Key Takeaway
Homes in 62305 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 62305 was $255,000 in October 2024, up 2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $182.5K | $195.5K | +7.1% |
| 3 Bedrooms | $220K | $222.4K | +1.1% |
| 4 Bedrooms | $352K | $327.7K | -6.9% |
| 5+ Bedrooms | $475K | $485K | +2.1% |
Summary: 62305 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 7.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Zip Codes
| 62338 | $200K | $204.7K | +2.4% |
| 62305 | $250K | $255K | +2.0% |
| 62301 | $134.9K | $137.5K | +2.0% |
Housing Supply in 62305, IL
How many homes are available in 62305, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The 62305 real estate market had 43 homes for sale in October 2024, a 4.9% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 62305 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 75%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62305, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 62305 in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 62305, IL
How long does it take to sell a home in 62305, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -7.5% |
Summary: Homes in 62305 had an average of 30 days on market in Oct 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62305 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 62305; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.