Is 62458, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62458 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62458 has remained a Seller's Market.

Key Takeaway

62458 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62458, IL

How much do homes in 62458, IL cost?

Median Sold Price

$48,000

-

Based on all homes sold in December 2024.

Difference Since Last Month

-$88,000(-64.7%)

Key Takeaway

Homes in 62458 have sold for 64.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$48K
N/A
4 $136K-
N/A
5+ --
N/A

Summary: 62458 housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62418
-45.4%
62458
-64.7%

Housing Supply in 62458, IL

How many homes are available in 62458, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
45+25.0%

Summary: The 62458 real estate market had 5 homes for sale in December 2024, a 25.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 22
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 62458 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 62458, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62458 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62458, IL

How long does it take to sell a home in 62458, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
7 Days170 Days+2328.6%

Summary: Homes in 62458 had an average of 170 days on market in Dec 2024, up by 2328.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 62458 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in 62458; 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 7 Days Ago

Newest Listings in 62458, IL

Nearby Markets to 62458, IL