$1,543 Closing Credit*
$129,900
986 SqFt
2 Beds
•1 Full Bath
Amber Hoffman, Listing Office: House 2 Home Realty Marion
Is 62832, 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, 62832 has remained a Buyer's Market.
Key Takeaway
62832 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62832, IL
How much do homes in 62832, IL cost?
Median Sold Price
$101,500
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,550(+28.6%)
Key Takeaway
Homes in 62832 have sold for 28.6% more than they did a year ago.
Summary: The median home sold price in 62832 was $101,500 in October 2024, up 28.6% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36.5K | $30K | -17.8% |
| 2 Bedrooms | $65.5K | $77.5K | +18.3% |
| 3 Bedrooms | $78.9K | $121K | +53.3% |
| 4 Bedrooms | $125K | $233K | +86.4% |
| 5+ Bedrooms | $118.5K | $100K | -15.6% |
Summary: 62832 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 86.4%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62832 | $78.9K | $101.5K | +28.6% |
| 62274 | $161.7K | $100K | -38.2% |
Housing Supply in 62832, IL
How many homes are available in 62832, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 41 | 0.0% |
Summary: The 62832 real estate market had 41 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62832 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 decreased by 7.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62832, 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 62832 in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 62832, IL
How long does it take to sell a home in 62832, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 59 Days | +96.7% |
Summary: Homes in 62832 had an average of 59 days on market in Oct 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 62832 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 62832; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.