$17,000
1.90 Acres
Land
CHRISTY POWERS, Listing Office: PROPERTY WITH TLC, LLC
Is 62983, 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, 62983 has remained a Seller's Market.
Key Takeaway
62983 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 62983, IL
How much do homes in 62983, IL cost?
Median Sold Price
$73,250
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,650(-18.5%)
Key Takeaway
Homes in 62983 have sold for 18.5% less than they did a year ago.
Summary: The median home sold price in 62983 was $73,250 in October 2024, down 18.5% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $43K | N/A |
| 2 Bedrooms | $62K | $66K | +6.5% |
| 3 Bedrooms | $105K | $81.7K | -22.1% |
| 4 Bedrooms | - | $118K | N/A |
| 5+ Bedrooms | - | $250K | N/A |
Summary: 62983 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 62924 | $91K | $115K | +26.4% |
| 62983 | $89.9K | $73.2K | -18.5% |
Housing Supply in 62983, IL
How many homes are available in 62983, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The 62983 real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 62983 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 62983, 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 62983 in October 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 62983, IL
How long does it take to sell a home in 62983, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 94 Days | +490.6% |
Summary: Homes in 62983 had an average of 94 days on market in Oct 2024, up by 490.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 62983 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 62983; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.