$352,000
40.00 Acres
Land
JESSICA LINDHORST, Listing Office: Heavenly Homes Real Estate
Is 62890, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 62890 was a Buyer's Market.
Key Takeaway
62890 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62890, IL
How much do homes in 62890, IL cost?
Median Sold Price
$119,100
$94/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$25,900(-17.9%)
Key Takeaway
Homes in 62890 have sold for 17.9% less than they did a month ago.
Summary: The median home sold price in 62890 was $119,100 in October 2024, down 17.9% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $119.1K | N/A |
| 3 Bedrooms | - | $69K | N/A |
| 4 Bedrooms | $145K | $149K | +2.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 62890 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62935 | $124.5K | $285K | +128.9% |
| 62890 | $145K | $119.1K | -17.9% |
| 62974 | $192K | $137.5K | -28.4% |
Housing Supply in 62890, IL
How many homes are available in 62890, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 62890 real estate market had 11 homes for sale in October 2024, a 22.2% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62890 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62890, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 62890 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 62890, IL
How long does it take to sell a home in 62890, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 11 Days | +1020.0% |
Summary: Homes in 62890 had an average of 11 days on market in Oct 2024, up by 1020% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62890 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 62890; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.