$2,963 Closing Credit*
$249,500
1,128 SqFt
3 Beds
•2 Full Baths
Lisa McKinney, Listing Office: C21 All Pro 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 November 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 November 2023
-$3,950(-2.8%)
Key Takeaway
Homes in 62864 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 62864 was $135,000 in November 2024, down 2.8% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | - | N/A |
| 2 Bedrooms | $57.5K | $58K | +0.9% |
| 3 Bedrooms | $142K | $140K | -1.4% |
| 4 Bedrooms | $199.5K | $225K | +12.8% |
| 5+ Bedrooms | $216.2K | $309.5K | +43.1% |
Summary: 62864 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 0.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 12.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 71 | -4.1% |
Summary: The 62864 real estate market had 71 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 62864 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62864, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 62864 in November 2024, down by 39.1% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 52 Days | +70.3% |
Summary: Homes in 62864 had an average of 52 days on market in Nov 2024, up by 70.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 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 November 2024, 14 homes were sold in 62864; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.