$2,196 Closing Credit*
$184,900
1,144 SqFt
3 Beds
•2 Full Baths
Linda Stewart, Listing Office: RE/MAX INTEGRITY
Is 62948, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$124,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,000(+30.5%)
Key Takeaway
Homes in 62948 have sold for 30.5% more than they did a year ago.
Summary: The median home sold price in 62948 was $124,000 in November 2024, up 30.5% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $35K | +34.6% |
| 2 Bedrooms | $58.5K | $76.7K | +31.2% |
| 3 Bedrooms | $123.7K | $145K | +17.1% |
| 4 Bedrooms | $225K | $190K | -15.6% |
| 5+ Bedrooms | $216.5K | $290K | +33.9% |
Summary: 62948 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 31.2%, 3 bedroom homes increased by 17.1%, 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 | $124K | +30.5% |
| 62918 | $184.9K | $198K | +7.1% |
Housing Supply in 62948, IL
How many homes are available in 62948, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 69 | -4.2% |
Summary: The 62948 real estate market had 69 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 62948 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 62948, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 62948 in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +5.2% |
Summary: Homes in 62948 had an average of 42 days on market in Nov 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62948 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 62948; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.