$3,561 Closing Credit*
$299,900
1,624 SqFt
3 Beds
•3 Full Baths
James Skeeters, Listing Office: Keller Williams Capital
Is 62711, 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, 62711 has remained a Seller's Market.
Key Takeaway
62711 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62711, IL
How much do homes in 62711, IL cost?
Median Sold Price
$340,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+4.9%)
Key Takeaway
Homes in 62711 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 62711 was $340,000 in November 2024, up 4.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $119.5K | +149.0% |
| 2 Bedrooms | $222.5K | $232.4K | +4.4% |
| 3 Bedrooms | $310K | $301.5K | -2.7% |
| 4 Bedrooms | $369.9K | $400K | +8.1% |
| 5+ Bedrooms | $522.4K | $550K | +5.3% |
Summary: 62711 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 149%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 62711, IL
How many homes are available in 62711, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 68 | -22.7% |
Summary: The 62711 real estate market had 68 homes for sale in November 2024, a 22.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 36 | 26 | -27.8% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The 62711 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 decreased by 25%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62711, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 62711 in November 2024, down by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for 62711, IL
How long does it take to sell a home in 62711, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +19.6% |
Summary: Homes in 62711 had an average of 13 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62711 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 62711; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.