Is 62832, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62832 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 62832 was a Seller'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

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+24.5%)

Key Takeaway

Homes in 62832 have sold for 24.5% more than they did a year ago.

Summary: The median home sold price in 62832 was $101,500 in November 2024, up 24.5% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $36.5K$30K
-17.8%
2 $69K$75K
+8.7%
3 $79.4K$125K
+57.3%
4 $125K$233K
+86.4%
5+ $118.5K$100K
-15.6%

Summary: 62832 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 57.3%, 4 bedroom homes increased by 86.4%, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

62832
+24.5%
62274
-25.9%

Housing Supply in 62832, IL

How many homes are available in 62832, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4038-5.0%

Summary: The 62832 real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 2219
-13.6%
4 66
0.0%
5+ 11
0.0%

Summary: The 62832 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 increased by 9.1%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

5 Homes Were 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 62832, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 62832 in November 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% 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

Nov 2023Nov 2024CHANGE
49 Days80 Days+61.3%

Summary: Homes in 62832 had an average of 80 days on market in Nov 2024, up by 61.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62832 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 62832; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 18 Days Ago

Newest Listings in 62832, IL

Nearby Markets to 62832, IL