$1,176 Closing Credit*
$99,000
1,680 SqFt
3 Beds
•2 Full Baths
VICKY SCOGGINS, Listing Office: C21 HOUSE OF REALTY, INC. C
Is 62918, 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, 62918 was a Seller's Market.
Key Takeaway
62918 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62918, IL
How much do homes in 62918, IL cost?
Median Sold Price
$198,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,050(+7.1%)
Key Takeaway
Homes in 62918 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 62918 was $198,000 in November 2024, up 7.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $45.2K | +19.1% |
| 2 Bedrooms | $95K | $93K | -2.1% |
| 3 Bedrooms | $172.2K | $184.9K | +7.3% |
| 4 Bedrooms | $280K | $305K | +8.9% |
| 5+ Bedrooms | $510K | $292.5K | -42.6% |
Summary: 62918 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 42.6%.
Median Sold Price Compared To Nearby Zip Codes
| 62948 | $95K | $124K | +30.5% |
| 62918 | $184.9K | $198K | +7.1% |
Housing Supply in 62918, IL
How many homes are available in 62918, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 66 | +4.8% |
Summary: The 62918 real estate market had 66 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 62918 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62918, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 62918 in November 2024, down by 53.8% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 62918, IL
How long does it take to sell a home in 62918, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 45 Days | +342.3% |
Summary: Homes in 62918 had an average of 45 days on market in Nov 2024, up by 342.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62918 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 62918; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.