$5,463 Closing Credit*
$460,000
3,759 SqFt
3 Beds
•3 Full Baths
Jim Fulgenzi, Listing Office: RE/MAX Professionals
Is 62707, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,446(+7.4%)
Key Takeaway
Homes in 62707 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 62707 was $179,950 in October 2024, up 7.4% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $105K | $130K | +23.8% |
| 3 Bedrooms | $161K | $175K | +8.7% |
| 4 Bedrooms | $215K | $282.5K | +31.4% |
| 5+ Bedrooms | $440K | $265K | -39.8% |
Summary: 62707 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 increased by 23.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes decreased by 39.8%.
Median Sold Price Compared To Nearby Zip Codes
| 62702 | $101.7K | $121K | +19.0% |
| 62707 | $167.5K | $179.9K | +7.4% |
| 62684 | $280K | $279.5K | -0.2% |
| 62561 | $156.5K | $152.4K | -2.6% |
Housing Supply in 62707, IL
How many homes are available in 62707, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The 62707 real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62707 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62707, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62707 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +182.1% |
Summary: Homes in 62707 had an average of 22 days on market in Oct 2024, up by 182.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 5 homes were sold in 62707; 80% of homes were sold within 30 days, 20% 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.