$1,401 Closing Credit*
$118,000
5 Beds
•1 Full Bath, 1 Partial
Listing Office: Dammerman & Associates Benchmark Realty
Is 62447, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 62447 was a Buyer's Market.
Key Takeaway
62447 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62447, IL
How much do homes in 62447, IL cost?
Median Sold Price
$170,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+15.6%)
Key Takeaway
Homes in 62447 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 62447 was $170,000 in November 2024, up 15.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $170K | +325.0% |
| 2 Bedrooms | $130K | $190.6K | +46.7% |
| 3 Bedrooms | $149K | $116.5K | -21.8% |
| 4 Bedrooms | $201K | $380K | +89.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62447 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 325%, 2 bedroom homes increased by 46.7%, 3 bedroom homes decreased by 21.8%, 4 bedroom homes increased by 89.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62447 | $147K | $170K | +15.6% |
| 62468 | $97.5K | $80K | -17.9% |
Housing Supply in 62447, IL
How many homes are available in 62447, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Summary: The 62447 real estate market had 7 homes for sale in November 2024, a 46.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62447 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 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62447, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 62447 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 62447, IL
How long does it take to sell a home in 62447, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 6 Days | -60.0% |
Summary: Homes in 62447 had an average of 6 days on market in Nov 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
2 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 62447 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 62447; 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.
