$2,363 Closing Credit*
$199,000
1,175 SqFt
2 Beds
•2 Full Baths
Angela Miller, Listing Office: The Real Estate Group, Inc.
Is 62707, 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, 62707 has remained a Seller's Market.
Key Takeaway
62707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62707, IL
How much do homes in 62707, IL cost?
Median Sold Price
$179,950
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,943(+7.1%)
Key Takeaway
Homes in 62707 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 62707 was $179,950 in November 2024, up 7.1% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.5K | $130K | +26.8% |
| 3 Bedrooms | $152.5K | $175K | +14.8% |
| 4 Bedrooms | $275K | $270K | -1.8% |
| 5+ Bedrooms | $440K | $265K | -39.8% |
Summary: 62707 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 39.8%.
Median Sold Price Compared To Nearby Zip Codes
| 62702 | $103K | $122.3K | +18.8% |
| 62707 | $168K | $179.9K | +7.1% |
| 62561 | $152K | $162K | +6.6% |
Housing Supply in 62707, IL
How many homes are available in 62707, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The 62707 real estate market had 21 homes for sale in November 2024, a 50.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 15 | +114.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62707 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 114.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62707, 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 62707 in November 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 62707, IL
How long does it take to sell a home in 62707, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 5 Days | -24.3% |
Summary: Homes in 62707 had an average of 5 days on market in Nov 2024, down by 24.3% 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
Key Takeaway
Many homes in 62707 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 62707; 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.