$2,362 Closing Credit*
$198,900
2,010 SqFt
3 Beds
•2 Full Baths
Melissa Sullivan, Listing Office: Happel, Inc., REALTORS
Is 62320, 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, 62320 has remained a Seller's Market.
Key Takeaway
62320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62320, IL
How much do homes in 62320, IL cost?
Median Sold Price
$165,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,125(+21.4%)
Key Takeaway
Homes in 62320 have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in 62320 was $165,000 in October 2024, up 21.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $70K | N/A |
| 2 Bedrooms | $132K | $148.4K | +12.5% |
| 3 Bedrooms | $144.2K | $172.2K | +19.4% |
| 4 Bedrooms | $174.9K | $221.5K | +26.6% |
| 5+ Bedrooms | $33.4K | $310K | +827.1% |
Summary: 62320 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 12.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 827.1%.
Housing Supply in 62320, IL
How many homes are available in 62320, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 62320 real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 62320 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 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 62320, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62320 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 62320, IL
How long does it take to sell a home in 62320, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 17 Days | -81.5% |
Summary: Homes in 62320 had an average of 17 days on market in Oct 2024, down by 81.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62320 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 62320; 67% of homes were sold within 30 days, 33% 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.