Is 62952, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62952 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 62952 was a Neutral Market.

Key Takeaway

62952 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62952, IL

How much do homes in 62952, IL cost?

Median Sold Price

$130,500

$121/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$180,500(-58.0%)

Key Takeaway

Homes in 62952 have sold for 58% less than they did a month ago.

Summary: The median home sold price in 62952 was $130,500 in December 2024, down 58% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$101K
N/A
2 -$195.5K
N/A
3 $187K-
N/A
4 $435K$89K
-79.5%
5+ --
N/A

Summary: 62952 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 79.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62906
+6.0%
62952
-58.0%

Housing Supply in 62952, IL

How many homes are available in 62952, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1416+14.3%

Summary: The 62952 real estate market had 16 homes for sale in December 2024, a 14.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 35
+66.7%
3 65
-16.7%
4 45
+25.0%
5+ 00
0.0%

Summary: The 62952 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62952, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 62952 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 62952, IL

How long does it take to sell a home in 62952, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
120 Days7 Days-94.2%

Summary: Homes in 62952 had an average of 7 days on market in Dec 2024, down by 94.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 62952 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 62952; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in 62952, IL

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