$533 Closing Credit*
$44,900
1,080 SqFt
2 Beds
•1 Full Bath
Mary Jo Welch, Listing Office: RE/MAX Professionals
Is 62644, 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, 62644 has remained a Seller's Market.
Key Takeaway
62644 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62644, IL
How much do homes in 62644, IL cost?
Median Sold Price
$70,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,400(-9.6%)
Key Takeaway
Homes in 62644 have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in 62644 was $70,000 in October 2024, down 9.6% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | - | N/A |
| 2 Bedrooms | $60K | $60K | 0.0% |
| 3 Bedrooms | $70K | $79.9K | +14.1% |
| 4 Bedrooms | $115.9K | $120K | +3.5% |
| 5+ Bedrooms | $125K | $53.5K | -57.2% |
Summary: 62644 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 did not change, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 57.2%.
Median Sold Price Compared To Nearby Zip Codes
| 61542 | $74.5K | $80K | +7.4% |
| 62644 | $77.4K | $70K | -9.6% |
Housing Supply in 62644, IL
How many homes are available in 62644, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 62644 real estate market had 17 homes for sale in October 2024, a 10.5% decrease 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62644 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62644, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 62644 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 62644, IL
How long does it take to sell a home in 62644, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 7 Days | -69.9% |
Summary: Homes in 62644 had an average of 7 days on market in Oct 2024, down by 69.9% 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 62644 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 62644; 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.