Is 62326, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62326 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 62326 has remained a Buyer's Market.

Key Takeaway

62326 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 62326, IL

How much do homes in 62326, IL cost?

Median Sold Price

$200,000

$48/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$65,000(+48.1%)

Key Takeaway

Homes in 62326 have sold for 48.1% more than they did a month ago.

Summary: The median home sold price in 62326 was $200,000 in October 2024, up 48.1% from last month, and the median price per square foot was $48.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $135K-
N/A
4 --
N/A
5+ -$200K
N/A

Summary: 62326 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62326, IL

How many homes are available in 62326, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
910+11.1%

Summary: The 62326 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 11
0.0%
5+ 11
0.0%

Summary: The 62326 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62326, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62326 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62326, IL

How long does it take to sell a home in 62326, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
3 Days62 Days+1966.7%

Summary: Homes in 62326 had an average of 62 days on market in Oct 2024, up by 1966.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62326 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 62326; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 62326, IL

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