$5,198 Closing Credit*
$437,700
4 Beds
•3 Full Baths
Listing Office: MOSSY OAK PROPERTIES Illinois Land and Lifestyle
Is 62501, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 62501 has remained a Seller's Market.
Key Takeaway
62501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62501, IL
How much do homes in 62501, IL cost?
Median Sold Price
$205,000
$120/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$66,450(-24.5%)
Key Takeaway
Homes in 62501 have sold for 24.5% less than they did a month ago.
Summary: The median home sold price in 62501 was $205,000 in November 2024, down 24.5% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $93K | $205K | +120.4% |
| 4 Bedrooms | $449.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 62501 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 120.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62554 | $142K | $150K | +5.6% |
| 62501 | $271.4K | $205K | -24.5% |
Housing Supply in 62501, IL
How many homes are available in 62501, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The 62501 real estate market had 4 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62501 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62501, 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 62501 in November 2024, down by 50.0% month-over-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 62501, IL
How long does it take to sell a home in 62501, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 18 Days | -40.0% |
Summary: Homes in 62501 had an average of 18 days on market in Nov 2024, down by 40% 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
Key Takeaway
Many homes in 62501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 62501; 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.
