Is 62526, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62526 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 62526 has remained a Seller's Market.

Key Takeaway

62526 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62526, IL

How much do homes in 62526, IL cost?

Median Sold Price

$121,316

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,483(+20.3%)

Key Takeaway

Homes in 62526 have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in 62526 was $121,316 in December 2024, up 20.3% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $25K$48K
+92.0%
2 $50K$56.1K
+12.1%
3 $105K$125.9K
+19.9%
4 $162.5K$175K
+7.7%
5+ $281.5K$239.9K
-14.8%

Summary: 62526 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

62526
+20.3%
62535
+14.0%
62521
+13.3%
62522
-8.8%

Housing Supply in 62526, IL

How many homes are available in 62526, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11196-13.5%

Summary: The 62526 real estate market had 96 homes for sale in December 2024, a 13.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1821
+16.7%
3 6853
-22.1%
4 2020
0.0%
5+ 52
-60.0%

Summary: The 62526 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 16.7%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3428-17.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62526, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 62526 in December 2024, down by 17.6% month-over-month. Of the 28 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for 62526, IL

How long does it take to sell a home in 62526, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
24 Days48 Days+99.9%

Summary: Homes in 62526 had an average of 48 days on market in Dec 2024, up by 99.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62526 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in 62526; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% 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 4 Days Ago

Newest Listings in 62526, IL

Nearby Markets to 62526, IL