$593 Closing Credit*
$49,900
392 SqFt
Stevie Rae, Listing Office: House 2 Home Realty Marion
Is 62896, 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, 62896 has remained a Seller's Market.
Key Takeaway
62896 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62896, IL
How much do homes in 62896, IL cost?
Median Sold Price
$90,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,000(+8.4%)
Key Takeaway
Homes in 62896 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 62896 was $90,000 in October 2024, up 8.4% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $45K | -36.6% |
| 2 Bedrooms | $58K | $80K | +37.9% |
| 3 Bedrooms | $91K | $110K | +20.9% |
| 4 Bedrooms | $134.9K | $134.7K | -0.1% |
| 5+ Bedrooms | $150.7K | $36K | -76.1% |
Summary: 62896 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 76.1%.
Median Sold Price Compared To Nearby Zip Codes
| 62896 | $83K | $90K | +8.4% |
| 62951 | $90.5K | $70K | -22.7% |
Housing Supply in 62896, IL
How many homes are available in 62896, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 57 | +16.3% |
Summary: The 62896 real estate market had 57 homes for sale in October 2024, a 16.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 62896 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 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 62896 in October 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +34.4% |
Summary: Homes in 62896 had an average of 46 days on market in Oct 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62896 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 62896; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.