$1,958 Closing Credit*
$164,900
1,195 SqFt
3 Beds
•2 Full Baths
Kathy Tega, Listing Office: The Real Estate Group, Inc.
Is 62615, 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, 62615 has remained a Seller's Market.
Key Takeaway
62615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62615, IL
How much do homes in 62615, IL cost?
Median Sold Price
$145,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,500(+3.2%)
Key Takeaway
Homes in 62615 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 62615 was $145,000 in October 2024, up 3.2% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $111.2K | $117.5K | +5.6% |
| 3 Bedrooms | $147K | $160.7K | +9.3% |
| 4 Bedrooms | $209.5K | $156K | -25.5% |
| 5+ Bedrooms | $401.4K | - | N/A |
Summary: 62615 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 5.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 25.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62615 | $140.5K | $145K | +3.2% |
| 62690 | $105K | $99K | -5.7% |
Housing Supply in 62615, IL
How many homes are available in 62615, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The 62615 real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62615 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62615, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 62615 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 62615, IL
How long does it take to sell a home in 62615, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 10 Days | -10.1% |
Summary: Homes in 62615 had an average of 10 days on market in Oct 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
3 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 62615 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 62615; 75% of homes were sold within 30 days, 25% 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.