$1,471 Closing Credit*
$123,900
2,420 SqFt
2 Beds
•2 Full Baths
Kathy Garst, Listing Office: The Real Estate Group, Inc.
Is 62531, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 62531 has remained a Seller's Market.
Key Takeaway
62531 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62531, IL
How much do homes in 62531, IL cost?
Median Sold Price
$112,450
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,950(+66.6%)
Key Takeaway
Homes in 62531 have sold for 66.6% more than they did a year ago.
Summary: The median home sold price in 62531 was $112,450 in October 2024, up 66.6% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $57.7K | $82K | +42.0% |
| 3 Bedrooms | $116.4K | $106.9K | -8.2% |
| 4 Bedrooms | $23.8K | $179.9K | +653.5% |
| 5+ Bedrooms | $190K | $195K | +2.6% |
Summary: 62531 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 653.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62531 | $67.5K | $112.4K | +66.6% |
| 62540 | $92K | $108K | +17.4% |
| 62558 | $150K | $159.9K | +6.6% |
Housing Supply in 62531, IL
How many homes are available in 62531, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The 62531 real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62531 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62531, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62531 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 62531, IL
How long does it take to sell a home in 62531, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 59 Days | +44.7% |
Summary: Homes in 62531 had an average of 59 days on market in Oct 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62531 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 62531; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.