$1,366 Closing Credit*
$115,000
1,378 SqFt
3 Beds
•1 Full Bath
Greg Zanger, Listing Office: Zanger & Associates, Inc.
Is 62347, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 62347 was a Buyer's Market.
Key Takeaway
62347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62347, IL
How much do homes in 62347, IL cost?
Median Sold Price
$200,500
$95/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$9,500(-4.5%)
Key Takeaway
Homes in 62347 have sold for 4.5% less than they did a month ago.
Summary: The median home sold price in 62347 was $200,500 in October 2024, down 4.5% from last month, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $210K | $165.2K | -21.3% |
| 4 Bedrooms | - | $221K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 62347 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 decreased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62324 | $45K | $80.5K | +78.9% |
| 62347 | $210K | $200.5K | -4.5% |
Housing Supply in 62347, IL
How many homes are available in 62347, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The 62347 real estate market had 10 homes for sale in October 2024, a 42.9% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62347 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 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62347, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 62347 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 62347, IL
How long does it take to sell a home in 62347, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 9 Days | +383.3% |
Summary: Homes in 62347 had an average of 9 days on market in Oct 2024, up by 383.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62347 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 62347; 100% of homes were sold within 30 days, 0% 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.