1.25% Closing Credit Back*
Price Not Disclosed
1,104 SqFt
3 Beds
•1 Full Bath
Jeff Doerr, Listing Office: DOERR AUCTION & REALTY, INC.
Is 62902, 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, 62902 has remained a Buyer'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
$260,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,000(+22.1%)
Key Takeaway
Homes in 62902 have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in 62902 was $260,000 in October 2024, up 22.1% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110.5K | $132.6K | +20.0% |
| 3 Bedrooms | $165K | $192K | +16.4% |
| 4 Bedrooms | $302.5K | $335K | +10.7% |
| 5+ Bedrooms | $650K | $340K | -47.7% |
Summary: 62902 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 increased by 20%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 10.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The 62902 real estate market had 24 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 62902 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62902, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 62902 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 61 Days | +281.3% |
Summary: Homes in 62902 had an average of 61 days on market in Oct 2024, up by 281.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62902 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 62902; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.