$2,374 Closing Credit*
$199,900
2,218 SqFt
2 Beds
•2 Full Baths
Diane Tinsley, Listing Office: The Real Estate Group, Inc.
Is 62563, 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, 62563 has remained a Seller's Market.
Key Takeaway
62563 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62563, IL
How much do homes in 62563, IL cost?
Median Sold Price
$275,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,550(+13.4%)
Key Takeaway
Homes in 62563 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 62563 was $275,000 in November 2024, up 13.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167K | $205K | +22.8% |
| 3 Bedrooms | $222.5K | $255K | +14.6% |
| 4 Bedrooms | $290K | $320.3K | +10.5% |
| 5+ Bedrooms | $556.2K | $442.5K | -20.4% |
Summary: 62563 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 22.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Zip Codes
| 62563 | $242.4K | $275K | +13.4% |
| 62712 | $265K | $289K | +9.1% |
| 62558 | $148K | $159.9K | +8.0% |
Housing Supply in 62563, IL
How many homes are available in 62563, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The 62563 real estate market had 10 homes for sale in November 2024, a 16.7% decrease 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 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62563 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62563, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 62563 in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 62563, IL
How long does it take to sell a home in 62563, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +11.5% |
Summary: Homes in 62563 had an average of 11 days on market in Nov 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62563 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 62563; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.