$5,926 Closing Credit*
$499,000
3,150 SqFt
4 Beds
•3 Full Baths, 1 Partial
Greg Zanger, Listing Office: Zanger & Associates, Inc.
Is 62305, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$259,900
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,900(+4.0%)
Key Takeaway
Homes in 62305 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 62305 was $259,900 in November 2024, up 4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $185K | $200K | +8.1% |
| 3 Bedrooms | $217.5K | $226.9K | +4.3% |
| 4 Bedrooms | $351K | $350K | -0.3% |
| 5+ Bedrooms | $475K | $499K | +5.1% |
Summary: 62305 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Zip Codes
| 62338 | $172K | $204.7K | +19.0% |
| 62305 | $250K | $259.9K | +4.0% |
| 62301 | $134.1K | $138.9K | +3.6% |
Housing Supply in 62305, IL
How many homes are available in 62305, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 62305 real estate market had 49 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 62305 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62305, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 62305 in November 2024, up by 87.5% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -41.8% |
Summary: Homes in 62305 had an average of 14 days on market in Nov 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62305 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 62305; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.