$2,838 Closing Credit*
$239,000
1,980 SqFt
3 Beds
•2 Full Baths
Brian Wood, Listing Office: Cross Davidson Real Estate
Is 62864, 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, 62864 has remained a Seller's Market.
Key Takeaway
62864 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62864, IL
How much do homes in 62864, IL cost?
Median Sold Price
$135,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-4.9%)
Key Takeaway
Homes in 62864 have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in 62864 was $135,000 in October 2024, down 4.9% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | - | N/A |
| 2 Bedrooms | $56.7K | $68.2K | +20.2% |
| 3 Bedrooms | $142.7K | $139.9K | -2.0% |
| 4 Bedrooms | $199.5K | $219K | +9.8% |
| 5+ Bedrooms | $216.2K | $309.5K | +43.1% |
Summary: 62864 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 43.1%.
Housing Supply in 62864, IL
How many homes are available in 62864, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 74 | -7.5% |
Summary: The 62864 real estate market had 74 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 62864 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62864, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 62864 in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 62864, IL
How long does it take to sell a home in 62864, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 60 Days | +101.2% |
Summary: Homes in 62864 had an average of 60 days on market in Oct 2024, up by 101.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62864 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 62864; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.