$593 Closing Credit*
$49,900
1,981 SqFt
4 Beds
•2 Full Baths
Cristi Bartolomucci, 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 November 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
$170,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,000(+36.9%)
Key Takeaway
Homes in 62640 have sold for 36.9% more than they did a year ago.
Summary: The median home sold price in 62640 was $170,500 in November 2024, up 36.9% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | - | N/A |
| 2 Bedrooms | $62.9K | $39.2K | -37.6% |
| 3 Bedrooms | $139.5K | $170.5K | +22.2% |
| 4 Bedrooms | $165K | $199K | +20.6% |
| 5+ Bedrooms | - | $385K | N/A |
Summary: 62640 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 decreased by 37.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62640 | $124.5K | $170.5K | +36.9% |
| 62690 | $104K | $99K | -4.8% |
Housing Supply in 62640, IL
How many homes are available in 62640, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The 62640 real estate market had 12 homes for sale in November 2024, a 7.7% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 62640 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 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62640, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62640 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 9 Days | -52.6% |
Summary: Homes in 62640 had an average of 9 days on market in Nov 2024, down by 52.6% compared to last year.
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 62640 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 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.