Is 62685, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62685 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 62685 was a Seller's Market.

Key Takeaway

62685 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 62685, IL

How much do homes in 62685, IL cost?

Median Sold Price

$339,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,050(+2.7%)

Key Takeaway

Homes in 62685 have sold for 2.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$339K
N/A
3 $329.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: 62685 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62685, IL

How many homes are available in 62685, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The 62685 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 31
-66.7%
4 44
0.0%
5+ 00
0.0%

Summary: The 62685 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 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62685, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 62685 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 62685, IL

How long does it take to sell a home in 62685, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days39 Days+32.2%

Summary: Homes in 62685 had an average of 39 days on market in Nov 2024, up by 32.2% 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 62685 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 62685; 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 21 Days Ago

Newest Listings in 62685, IL

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