Is 62626, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62626 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 62626 was a Buyer's Market.

Key Takeaway

62626 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62626, IL

How much do homes in 62626, IL cost?

Median Sold Price

$135,000

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+17.4%)

Key Takeaway

Homes in 62626 have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in 62626 was $135,000 in November 2024, up 17.4% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $70K-
N/A
2 $55.2K$69K
+24.9%
3 $81.8K$135K
+65.0%
4 $152K$182K
+19.7%
5+ $233K$153.5K
-34.1%

Summary: 62626 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 24.9%, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 34.1%.

Median Sold Price Compared To Nearby Zip Codes

62033
+23.0%
62626
+17.4%

Housing Supply in 62626, IL

How many homes are available in 62626, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2122+4.8%

Summary: The 62626 real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1110
-9.1%
4 710
+42.9%
5+ 11
0.0%

Summary: The 62626 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62626, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 62626 in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for 62626, IL

How long does it take to sell a home in 62626, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
113 Days57 Days-49.3%

Summary: Homes in 62626 had an average of 57 days on market in Nov 2024, down by 49.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62626 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 62626; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in 62626, IL

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