Is 62520, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62520 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62520 has remained a Seller's Market.

Key Takeaway

62520 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62520, IL

How much do homes in 62520, IL cost?

Median Sold Price

$225,000

$115/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$230,000(-50.5%)

Key Takeaway

Homes in 62520 have sold for 50.5% less than they did a month ago.

Summary: The median home sold price in 62520 was $225,000 in November 2024, down 50.5% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$225K
N/A
5+ $455K-
N/A

Summary: 62520 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62520, IL

How many homes are available in 62520, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
220.0%

Summary: The 62520 real estate market had 2 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 00
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 62520 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 remained the same, and 5+ bedroom homes decreased by 100%.

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 62520, 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 62520 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 62520, IL

How long does it take to sell a home in 62520, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days3 Days-94.5%

Summary: Homes in 62520 had an average of 3 days on market in Nov 2024, down by 94.5% 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 62520 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 62520; 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 20 Days Ago

Newest Listings in 62520, IL

Nearby Markets to 62520, IL