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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62326 is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, 62326 has remained a Neutral Market.

Key Takeaway

62326 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 62326, IL

How much do homes in 62326, IL cost?

Median Sold Price

$86,500

$87/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$158,950(-64.8%)

Key Takeaway

Homes in 62326 have sold for 64.8% less than they did a month ago.

Summary: The median home sold price in 62326 was $86,500 in November 2024, down 64.8% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$74K
N/A
3 $290.9K$99K
-66.0%
4 --
N/A
5+ $200K-
N/A

Summary: 62326 housing prices by bedroom type for November 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 decreased by 66%, 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

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The 62326 real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 87
-12.5%
4 12
+100.0%
5+ 10
-100.0%

Summary: The 62326 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 200%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 2 homes were sold or pending in 62326 in November 2024, the same as the previous month. Of the 2 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

Oct 2024Nov 2024CHANGE
65 Days203 Days+209.9%

Summary: Homes in 62326 had an average of 203 days on market in Nov 2024, up by 209.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 62326 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in 62326; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in 62326, IL

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