Is 62906, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62906 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 62906 was a Buyer's Market.

Key Takeaway

62906 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 62906, IL

How much do homes in 62906, IL cost?

Median Sold Price

$97,250

$81/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$5,500(+6.0%)

Key Takeaway

Homes in 62906 have sold for 6% more than they did a month ago.

Summary: The median home sold price in 62906 was $97,250 in December 2024, up 6% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $91.7K$92.5K
+0.8%
3 -$306K
N/A
4 --
N/A
5+ --
N/A

Summary: 62906 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62906
+6.0%
62952
-58.0%

Housing Supply in 62906, IL

How many homes are available in 62906, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2827-3.6%

Summary: The 62906 real estate market had 27 homes for sale in December 2024, a 3.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 118
-27.3%
3 1213
+8.3%
4 44
0.0%
5+ 01
+100.0%

Summary: The 62906 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62906, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 62906 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 62906, IL

How long does it take to sell a home in 62906, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
119 Days52 Days-55.9%

Summary: Homes in 62906 had an average of 52 days on market in Dec 2024, down by 55.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62906 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 62906; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in 62906, IL

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