Is 62684, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62684 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 62684 has remained a Seller's Market.

Key Takeaway

62684 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62684, IL

How much do homes in 62684, IL cost?

Median Sold Price

$279,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in 62684 has remained the same since last year.

Summary: The median home sold price in 62684 was $279,500 in October 2024, down 0.2% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $219.9K$205K
-6.8%
3 $233.7K$255K
+9.1%
4 $324.9K$396K
+21.9%
5+ $453.5K$435.4K
-4.0%

Summary: 62684 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 6.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Zip Codes

62707
+7.4%
62684
-0.2%
62561
-2.6%

Housing Supply in 62684, IL

How many homes are available in 62684, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1612-25.0%

Summary: The 62684 real estate market had 12 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 63
-50.0%
5+ 22
0.0%

Summary: The 62684 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 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62684, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 62684 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.

Days on Market for 62684, IL

How long does it take to sell a home in 62684, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days0 Days-97.4%

Summary: Homes in 62684 had an average of 0 days on market in Oct 2024, down by 97.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62684 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 62684; 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.

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

Report Updated 16 Days Ago

Newest Listings in 62684, IL

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