$813 Closing Credit*
$68,500
1,138 SqFt
2 Beds
•1 Full Bath, 1 Partial
Alysa Bunting, Listing Office: Indigo Realty LLC
Is 62951, 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, 62951 was a Neutral Market.
Key Takeaway
62951 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 62951, IL
How much do homes in 62951, IL cost?
Median Sold Price
$72,500
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$24,500(-25.3%)
Key Takeaway
Homes in 62951 have sold for 25.3% less than they did a year ago.
Summary: The median home sold price in 62951 was $72,500 in November 2024, down 25.3% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $32.5K | N/A |
| 2 Bedrooms | $78.5K | $39.7K | -49.4% |
| 3 Bedrooms | $95K | $107K | +12.6% |
| 4 Bedrooms | $235K | $83.5K | -64.5% |
| 5+ Bedrooms | $351.5K | - | N/A |
Summary: 62951 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 49.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 64.5%, and 5+ bedroom homes did not change.
Housing Supply in 62951, IL
How many homes are available in 62951, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 62951 real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 62951 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 62951, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 62951 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 62951, IL
How long does it take to sell a home in 62951, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 25 Days | -60.3% |
Summary: Homes in 62951 had an average of 25 days on market in Nov 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 62951 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 62951; 50% of homes were sold within 30 days, 50% 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.