$5,332 Closing Credit*
$449,000
3,568 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lori Smith, Listing Office: RE/MAX Professionals
Is 62640, 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, 62640 has remained a Seller's Market.
Key Takeaway
62640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62640, IL
How much do homes in 62640, IL cost?
Median Sold Price
$173,950
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,950(+52.6%)
Key Takeaway
Homes in 62640 have sold for 52.6% more than they did a year ago.
Summary: The median home sold price in 62640 was $173,950 in October 2024, up 52.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | - | N/A |
| 2 Bedrooms | $58K | $39.2K | -32.3% |
| 3 Bedrooms | $145.4K | $173K | +18.9% |
| 4 Bedrooms | $140K | $292K | +108.6% |
| 5+ Bedrooms | - | $385K | N/A |
Summary: 62640 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 decreased by 32.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 108.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62640 | $114K | $173.9K | +52.6% |
| 62690 | $105K | $99K | -5.7% |
Housing Supply in 62640, IL
How many homes are available in 62640, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 62640 real estate market had 13 homes for sale in October 2024, a 8.3% increase 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 | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62640 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62640, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 62640 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 62640, IL
How long does it take to sell a home in 62640, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 5 Days | -80.0% |
Summary: Homes in 62640 had an average of 5 days on market in Oct 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
4 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 62640 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 62640; 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.