$772 Closing Credit*
$65,000
1,166 SqFt
2 Beds
•1 Full Bath
Jessica Plummer, Listing Office: Land & Home Real Estate
Is 62561, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62561 has remained a Seller's Market.
Key Takeaway
62561 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62561, IL
How much do homes in 62561, IL cost?
Median Sold Price
$162,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+6.6%)
Key Takeaway
Homes in 62561 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 62561 was $162,000 in November 2024, up 6.6% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | - | N/A |
| 2 Bedrooms | $84.5K | $139.9K | +65.6% |
| 3 Bedrooms | $169K | $161K | -4.7% |
| 4 Bedrooms | $172.5K | $186K | +7.8% |
| 5+ Bedrooms | $133K | $565K | +324.8% |
Summary: 62561 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 65.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 324.8%.
Median Sold Price Compared To Nearby Zip Codes
| 62707 | $168K | $179.9K | +7.1% |
| 62561 | $152K | $162K | +6.6% |
Housing Supply in 62561, IL
How many homes are available in 62561, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The 62561 real estate market had 17 homes for sale in November 2024, a 13.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 62561 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 decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62561, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 62561 in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 62561, IL
How long does it take to sell a home in 62561, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 47 Days | -18.1% |
Summary: Homes in 62561 had an average of 47 days on market in Nov 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62561 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 62561; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.