Housing Prices in 62540, IL

How much do homes in 62540, IL cost?

Median List Price

$115,000

$93/sqft

Based on all homes listed in the last 12 months.

Difference Since December 2023

+$35,100(+43.9%)

Key Takeaway

The list price of homes in 62540 has increased by 43.9% since last year.

Summary: The median home list price in 62540 was $115,000 in December 2024, up 43.9% from the previous year, and the median price per square foot was $93.

Median List Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$199.9K
N/A
2 $69K$99.9K
+44.8%
3 $104.9K$115K
+9.6%
4 $225K$225K
0.0%
5+ $175K-
N/A

Summary: 62540 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

62531
+147.8%
62540
+43.9%
62558
+14.6%
62568
-1.1%

Housing Supply in 62540, IL

How many homes are available in 62540, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
34+33.3%

Summary: The 62540 real estate market had 4 homes for sale in December 2024, a 33.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 12
+100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 62540 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 62540, IL

How long does it take to sell a home in 62540, IL?

Average Listing Age

Dec 2023Dec 2024CHANGE
148 Days68 Days-53.6%

Summary: Homes in 62540 had an average listing age of 68 days in Dec 2024, down by 53.6% compared to the previous year.

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

Report Updated 8 Days Ago

Newest Listings in 62540, IL

Nearby Markets to 62540, IL