$984 Closing Credit*
$82,900
2,120 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kerris Osborn, Listing Office: The Real Estate Group, Inc.
Is 62650, 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, 62650 has remained a Seller's Market.
Key Takeaway
62650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62650, IL
How much do homes in 62650, IL cost?
Median Sold Price
$135,450
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,250(+4.0%)
Key Takeaway
Homes in 62650 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 62650 was $135,450 in November 2024, up 4% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.7K | $61.7K | +35.0% |
| 2 Bedrooms | $94K | $95.2K | +1.3% |
| 3 Bedrooms | $144.9K | $144.9K | -0.1% |
| 4 Bedrooms | $225K | $195K | -13.3% |
| 5+ Bedrooms | $284.9K | $212.5K | -25.4% |
Summary: 62650 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 25.4%.
Housing Supply in 62650, IL
How many homes are available in 62650, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 78 | -3.7% |
Summary: The 62650 real estate market had 78 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 62650 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 increased by 5.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62650, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 62650 in November 2024, down by 12.0% month-over-month. Of the 22 sold homes, 68% were sold under asking, 23% were sold at asking, and 9% were sold over asking.
Days on Market for 62650, IL
How long does it take to sell a home in 62650, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 95 Days | +432.6% |
Summary: Homes in 62650 had an average of 95 days on market in Nov 2024, up by 432.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62650 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 62650; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.