Housing Prices in 62531, IL

How much do homes in 62531, IL cost?

Median List Price

$124,900

$83/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$30,000(+31.6%)

Key Takeaway

The list price of homes in 62531 has increased by 31.6% since last year.

Summary: The median home list price in 62531 was $124,900 in November 2024, up 31.6% from the previous year, and the median price per square foot was $83.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $72.4K$89.9K
+24.2%
3 $112.4K$124.9K
+11.1%
4 $37.9K$204.9K
+439.9%
5+ $174.9K$204.9K
+17.2%

Summary: 62531 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 439.9%, and 5+ bedroom homes increased by 17.2%.

Median List Price Compared To Nearby Zip Codes

62540
+43.9%
62531
+31.6%
62558
+12.4%

Housing Supply in 62531, IL

How many homes are available in 62531, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
84-50.0%

Summary: The 62531 real estate market had 4 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 41
-75.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 62531 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 decreased by 33.3%, 3 bedroom homes decreased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 62531, IL

How long does it take to sell a home in 62531, IL?

Average Listing Age

Nov 2023Nov 2024CHANGE
36 Days135 Days+268.2%

Summary: Homes in 62531 had an average listing age of 135 days in Nov 2024, up by 268.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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Newest Listings in 62531, IL

Nearby Markets to 62531, IL

MLS Disclaimers and Copyright

Based on information from RMLS Alliance for the period 12/01/2022 - 12/01/2024

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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