Is 62681, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62681 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 62681 has remained a Seller's Market.

Key Takeaway

62681 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62681, IL

How much do homes in 62681, IL cost?

Median Sold Price

$284,900

$117/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$65,100(-18.6%)

Key Takeaway

Homes in 62681 have sold for 18.6% less than they did a month ago.

Summary: The median home sold price in 62681 was $284,900 in August 2024, down 18.6% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $350K$284.9K
-18.6%
4 --
N/A
5+ --
N/A

Summary: 62681 housing prices by bedroom type for August 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 decreased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62681, IL

How many homes are available in 62681, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
440.0%

Summary: The 62681 real estate market had 4 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The 62681 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62681, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62681 in August 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62681, IL

How long does it take to sell a home in 62681, IL?

Average Sale Time

Jul 2024Aug 2024CHANGE
3 Days50 Days+1566.7%

Summary: Homes in 62681 had an average of 50 days on market in Aug 2024, up by 1566.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62681 has remained consistent over time.

Summary: During August 2024, 1 homes were sold in 62681; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in 62681, IL

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