Is 62869, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62869 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 62869 has remained a Seller's Market.

Key Takeaway

62869 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62869, IL

How much do homes in 62869, IL cost?

Median Sold Price

$53,750

$54/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$52,250(-49.3%)

Key Takeaway

Homes in 62869 have sold for 49.3% less than they did a year ago.

Summary: The median home sold price in 62869 was $53,750 in October 2024, down 49.3% from last year, and the median price per square foot was $54.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $35K$45K
+28.6%
3 $108K$123K
+13.9%
4 $190K-
N/A
5+ --
N/A

Summary: 62869 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 28.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 62869, IL

How many homes are available in 62869, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110.0%

Summary: The 62869 real estate market had 1 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 62869 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 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 62869, 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 62869 in October 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 62869, IL

How long does it take to sell a home in 62869, IL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62869 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 62869; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 62869, IL

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