Is 62712, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62712 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 62712 has remained a Seller's Market.

Key Takeaway

62712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62712, IL

How much do homes in 62712, IL cost?

Median Sold Price

$288,250

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,750(+3.9%)

Key Takeaway

Homes in 62712 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 62712 was $288,250 in December 2024, up 3.9% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $55K$95K
+72.7%
2 $204.5K$194.5K
-4.9%
3 $250K$269K
+7.6%
4 $366K$316K
-13.7%
5+ $440K$550.3K
+25.1%

Summary: 62712 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.7%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 25.1%.

Median Sold Price Compared To Nearby Zip Codes

62563
+29.0%
62711
+5.7%
62712
+3.9%
62703
+3.6%

Housing Supply in 62712, IL

How many homes are available in 62712, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2618-30.8%

Summary: The 62712 real estate market had 18 homes for sale in December 2024, a 30.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 88
0.0%
4 117
-36.4%
5+ 42
-50.0%

Summary: The 62712 housing inventory by bedroom type for December 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 decreased by 36.4%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62712, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 62712 in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 62712, IL

How long does it take to sell a home in 62712, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days6 Days-77.8%

Summary: Homes in 62712 had an average of 6 days on market in Dec 2024, down by 77.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62712 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in 62712; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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