$830 Closing Credit*
$69,900
LINDA HOLT, Listing Office: C21 HOUSE OF REALTY, INC. CD
Is 62901, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 62901 was a Seller's Market.
Key Takeaway
62901 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 62901, IL
How much do homes in 62901, IL cost?
Median Sold Price
$136,000
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,000(+18.3%)
Key Takeaway
Homes in 62901 have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in 62901 was $136,000 in October 2024, up 18.3% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60.7K | $55.5K | -8.5% |
| 3 Bedrooms | $122.2K | $130.7K | +6.9% |
| 4 Bedrooms | $153.4K | $170.5K | +11.1% |
| 5+ Bedrooms | $130K | $263.5K | +102.7% |
Summary: 62901 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 decreased by 8.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 102.7%.
Housing Supply in 62901, IL
How many homes are available in 62901, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 103 | -1.9% |
Summary: The 62901 real estate market had 103 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 61 | 57 | -6.6% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 62901 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 14.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62901, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 62901 in October 2024, the same as the previous month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 62901, IL
How long does it take to sell a home in 62901, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 21 Days | -5.4% |
Summary: Homes in 62901 had an average of 21 days on market in Oct 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
11 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 62901 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 62901; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.