Is 62960, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62960 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 62960 has remained a Seller's Market.

Key Takeaway

62960 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 62960, IL

How much do homes in 62960, IL cost?

Median Sold Price

$111,375

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,625(+25.5%)

Key Takeaway

Homes in 62960 have sold for 25.5% more than they did a year ago.

Summary: The median home sold price in 62960 was $111,375 in December 2024, up 25.5% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $45K$59.9K
+33.2%
2 $55K$75K
+36.4%
3 $101.9K$135.5K
+32.9%
4 $138.7K$155K
+11.7%
5+ -$305K
N/A

Summary: 62960 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 32.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes did not change.

Housing Supply in 62960, IL

How many homes are available in 62960, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
48480.0%

Summary: The 62960 real estate market had 48 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 2121
0.0%
4 1414
0.0%
5+ 22
0.0%

Summary: The 62960 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62960, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 62960 in December 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 62960, IL

How long does it take to sell a home in 62960, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
51 Days76 Days+48.9%

Summary: Homes in 62960 had an average of 76 days on market in Dec 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 62960 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 9 homes were sold in 62960; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% 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 4 Days Ago

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