$1,780 Closing Credit*
$149,900
1,612 SqFt
4 Beds
•2 Full Baths
Kathy Patterson, Listing Office: Legacy Land & Homes of Illinois
Is 62901, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 62901 has remained a Buyer's Market.
Key Takeaway
62901 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62901, IL
How much do homes in 62901, IL cost?
Median Sold Price
$137,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+23.4%)
Key Takeaway
Homes in 62901 have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in 62901 was $137,000 in November 2024, up 23.4% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $31K | N/A |
| 2 Bedrooms | $60K | $55.5K | -7.3% |
| 3 Bedrooms | $123.7K | $132.8K | +7.4% |
| 4 Bedrooms | $153K | $177.5K | +16.0% |
| 5+ Bedrooms | $130K | $263.5K | +102.7% |
Summary: 62901 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 16%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 92 | -4.2% |
Summary: The 62901 real estate market had 92 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 53 | 53 | 0.0% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 62901 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 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 8 homes were sold or pending in 62901 in November 2024, down by 50.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 41 Days | +129.7% |
Summary: Homes in 62901 had an average of 41 days on market in Nov 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62901 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 62901; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.