$6,116 Closing Credit*
$515,000
3 Beds
•2 Full Baths
Listing Office: United Country Burke Auction and Realty
Is 62454, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62454 has remained a Seller's Market.
Key Takeaway
62454 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62454, IL
How much do homes in 62454, IL cost?
Median Sold Price
$131,000
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,900(+81.7%)
Key Takeaway
Homes in 62454 have sold for 81.7% more than they did a year ago.
Summary: The median home sold price in 62454 was $131,000 in November 2024, up 81.7% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $6K | $220K | +3566.7% |
| 2 Bedrooms | $55K | $52.2K | -5.0% |
| 3 Bedrooms | $78.5K | $163K | +107.5% |
| 4 Bedrooms | $308.5K | $152.7K | -50.5% |
| 5+ Bedrooms | $290K | - | N/A |
Summary: 62454 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3566.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 107.5%, 4 bedroom homes decreased by 50.5%, and 5+ bedroom homes did not change.
Housing Supply in 62454, IL
How many homes are available in 62454, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The 62454 real estate market had 11 homes for sale in November 2024, a 15.4% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62454 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62454, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62454 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 62454, IL
How long does it take to sell a home in 62454, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 18 Days | -72.7% |
Summary: Homes in 62454 had an average of 18 days on market in Nov 2024, down by 72.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62454 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 62454; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
