Is 62930, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62930 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 62930 has remained a Seller's Market.

Key Takeaway

62930 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62930, IL

How much do homes in 62930, IL cost?

Median Sold Price

$91,000

$66/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,000(+40.0%)

Key Takeaway

Homes in 62930 have sold for 40% more than they did a year ago.

Summary: The median home sold price in 62930 was $91,000 in October 2024, up 40% from last year, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $42.5K$37K
-12.9%
2 $69.9K$50K
-28.5%
3 $76K$124.9K
+64.3%
4 $60K$145K
+141.7%
5+ -$210K
N/A

Summary: 62930 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 28.5%, 3 bedroom homes increased by 64.3%, 4 bedroom homes increased by 141.7%, and 5+ bedroom homes did not change.

Housing Supply in 62930, IL

How many homes are available in 62930, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The 62930 real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 76
-14.3%
4 22
0.0%
5+ 20
-100.0%

Summary: The 62930 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62930, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 62930 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 62930, IL

How long does it take to sell a home in 62930, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
94 Days69 Days-26.8%

Summary: Homes in 62930 had an average of 69 days on market in Oct 2024, down by 26.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62930 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 62930; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 5 Days Ago

Newest Listings in 62930, IL

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