$4,691 Closing Credit*
$395,000
3,418 SqFt
5 Beds
•3 Full Baths
Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
Is 62711, 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, 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
$330,375
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,375(+2.6%)
Key Takeaway
Homes in 62711 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 62711 was $330,375 in October 2024, up 2.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53K | $43K | -18.9% |
| 2 Bedrooms | $222.5K | $235K | +5.6% |
| 3 Bedrooms | $306.5K | $297K | -3.1% |
| 4 Bedrooms | $368.3K | $396.5K | +7.7% |
| 5+ Bedrooms | $520K | $550K | +5.8% |
Summary: 62711 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 62711, IL
How many homes are available in 62711, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 83 | +5.1% |
Summary: The 62711 real estate market had 83 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 62711 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62711, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 62711 in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 52% were sold under asking, 28% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -11.5% |
Summary: Homes in 62711 had an average of 23 days on market in Oct 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62711 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 62711; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.