$2,256 Closing Credit*
$190,000
2,700 SqFt
4 Beds
•2 Full Baths
Allison Gerner, Listing Office: MCCOLLUM REAL ESTATE
Is 62896, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 62896 was a Seller's Market.
Key Takeaway
62896 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 62896, IL
How much do homes in 62896, IL cost?
Median Sold Price
$88,500
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,750(+2.0%)
Key Takeaway
Homes in 62896 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 62896 was $88,500 in November 2024, up 2% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $56.2K | +44.2% |
| 2 Bedrooms | $66.5K | $78K | +17.3% |
| 3 Bedrooms | $93.5K | $110K | +17.6% |
| 4 Bedrooms | $137.4K | $139.9K | +1.8% |
| 5+ Bedrooms | $150.7K | $36K | -76.1% |
Summary: 62896 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.2%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 76.1%.
Median Sold Price Compared To Nearby Zip Codes
| 62896 | $86.7K | $88.5K | +2.0% |
| 62951 | $97K | $72.5K | -25.3% |
Housing Supply in 62896, IL
How many homes are available in 62896, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The 62896 real estate market had 55 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 31 | 27 | -12.9% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62896 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 decreased by 7.1%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62896, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 62896 in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 62896, IL
How long does it take to sell a home in 62896, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 10 Days | -73.3% |
Summary: Homes in 62896 had an average of 10 days on market in Nov 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62896 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 62896; 89% of homes were sold within 30 days, 11% 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.