$4,750 Closing Credit*
$400,000
2,369 SqFt
3 Beds
•3 Full Baths, 1 Partial
Andrew Kinney, Listing Office: The Real Estate Group, Inc.
Is 62629, 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, 62629 has remained a Seller's Market.
Key Takeaway
62629 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62629, IL
How much do homes in 62629, IL cost?
Median Sold Price
$292,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,666(+7.6%)
Key Takeaway
Homes in 62629 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 62629 was $292,000 in November 2024, up 7.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96K | N/A |
| 2 Bedrooms | $127.9K | $175K | +36.8% |
| 3 Bedrooms | $247K | $262.8K | +6.4% |
| 4 Bedrooms | $332K | $354.9K | +6.9% |
| 5+ Bedrooms | $399.9K | $437.5K | +9.4% |
Summary: 62629 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 36.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Zip Codes
| 62629 | $271.3K | $292K | +7.6% |
| 62615 | $141K | $149.5K | +6.0% |
| 62711 | $324K | $340K | +4.9% |
Housing Supply in 62629, IL
How many homes are available in 62629, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The 62629 real estate market had 43 homes for sale in November 2024, a 14.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 62629 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 20%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 9 | -52.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62629, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 62629 in November 2024, down by 52.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for 62629, IL
How long does it take to sell a home in 62629, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 19 Days | +96.3% |
Summary: Homes in 62629 had an average of 19 days on market in Nov 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62629 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 62629; 78% of homes were sold within 30 days, 22% 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.