$8,609 Closing Credit*
$725,000
4,150 SqFt
5 Beds
•3 Full Baths, 1 Partial
Jaime Watkins, Listing Office: SHAWNEE HILLS REAL ESTATE, LLC
Is 62902, 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, 62902 was a Seller's Market.
Key Takeaway
62902 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62902, IL
How much do homes in 62902, IL cost?
Median Sold Price
$270,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$81,500(+43.2%)
Key Takeaway
Homes in 62902 have sold for 43.2% more than they did a year ago.
Summary: The median home sold price in 62902 was $270,000 in November 2024, up 43.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106K | $135K | +27.4% |
| 3 Bedrooms | $165K | $235.7K | +42.9% |
| 4 Bedrooms | $360K | $320K | -11.1% |
| 5+ Bedrooms | $650K | $340K | -47.7% |
Summary: 62902 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 increased by 27.4%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 47.7%.
Housing Supply in 62902, IL
How many homes are available in 62902, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The 62902 real estate market had 23 homes for sale in November 2024, a 15.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 62902 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 increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62902, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62902 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 62902, IL
How long does it take to sell a home in 62902, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 195 Days | +583.6% |
Summary: Homes in 62902 had an average of 195 days on market in Nov 2024, up by 583.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 62902 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in 62902; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.