Is 62821, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62821 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 62821 was a Seller's Market.

Key Takeaway

62821 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 62821, IL

How much do homes in 62821, IL cost?

Median Sold Price

$105,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+10.5%)

Key Takeaway

Homes in 62821 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 62821 was $105,000 in November 2024, up 10.5% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K-
N/A
2 $67.3K$77.7K
+15.4%
3 $130.5K$116.5K
-10.7%
4 -$116.5K
N/A
5+ --
N/A

Summary: 62821 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 15.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62821, IL

How many homes are available in 62821, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1011+10.0%

Summary: The 62821 real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 11
0.0%
5+ 11
0.0%

Summary: The 62821 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62821, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62821 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62821, IL

How long does it take to sell a home in 62821, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days204 Days+134.5%

Summary: Homes in 62821 had an average of 204 days on market in Nov 2024, up by 134.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 62821 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 62821; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 23 Days Ago

Newest Listings in 62821, IL

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