$1,543 Closing Credit*
$129,900
1,563 SqFt
3 Beds
•2 Full Baths
Jane Hay, Listing Office: The Real Estate Group, Inc.
Is 62638, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 62638 was a Neutral Market.
Key Takeaway
62638 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62638, IL
How much do homes in 62638, IL cost?
Median Sold Price
$165,000
$128/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$144,000(-46.6%)
Key Takeaway
Homes in 62638 have sold for 46.6% less than they did a month ago.
Summary: The median home sold price in 62638 was $165,000 in November 2024, down 46.6% from last month, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $165K | N/A |
| 4 Bedrooms | $309K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 62638 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62692 | $124.5K | $82.4K | -33.8% |
| 62638 | $309K | $165K | -46.6% |
| 62668 | $123.4K | $44.5K | -64.0% |
Housing Supply in 62638, IL
How many homes are available in 62638, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 62638 real estate market had 5 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 | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62638 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 increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62638, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 62638 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 62638, IL
How long does it take to sell a home in 62638, IL?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62638 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 62638; 100% of homes were sold within 30 days, 0% 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.