Is 62422, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62422 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62422 has remained a Seller's Market.

Key Takeaway

62422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62422, IL

How much do homes in 62422, IL cost?

Median Sold Price

$129,900

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,000(+30.0%)

Key Takeaway

Homes in 62422 have sold for 30% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $99.9K$129.9K
+30.0%
4 --
N/A
5+ --
N/A

Summary: 62422 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 increased by 30%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62422, IL

How many homes are available in 62422, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The 62422 real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 62422 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62422, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 62422 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 62422, IL

How long does it take to sell a home in 62422, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
66 Days4 Days-93.9%

Summary: Homes in 62422 had an average of 4 days on market in Nov 2024, down by 93.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62422 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 62422; 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.

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 62422, IL

Nearby Markets to 62422, IL