$4,097 Closing Credit*
$345,000
2,566 SqFt
5 Beds
•3 Full Baths
Kim Baldwin, Listing Office: House 2 Home Realty Marion
Is 62948, 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, 62948 has remained a Seller's Market.
Key Takeaway
62948 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62948, IL
How much do homes in 62948, IL cost?
Median Sold Price
$121,005
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,005(+27.4%)
Key Takeaway
Homes in 62948 have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in 62948 was $121,005 in October 2024, up 27.4% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $35K | +34.6% |
| 2 Bedrooms | $64.3K | $75.5K | +17.4% |
| 3 Bedrooms | $122.5K | $145K | +18.3% |
| 4 Bedrooms | $225K | $190K | -15.6% |
| 5+ Bedrooms | $216.5K | $290K | +33.9% |
Summary: 62948 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Zip Codes
| 62948 | $95K | $121K | +27.4% |
| 62918 | $180K | $196.5K | +9.2% |
Housing Supply in 62948, IL
How many homes are available in 62948, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The 62948 real estate market had 75 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 25 | +31.6% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62948 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62948, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 62948 in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 62948, IL
How long does it take to sell a home in 62948, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +51.4% |
Summary: Homes in 62948 had an average of 26 days on market in Oct 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62948 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 62948; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.