Is 62995, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 62995 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 62995 was a Seller's Market.

Key Takeaway

62995 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 62995, IL

How much do homes in 62995, IL cost?

Median Sold Price

$99,900

$63/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$36,600(-26.8%)

Key Takeaway

Homes in 62995 have sold for 26.8% less than they did a month ago.

Summary: The median home sold price in 62995 was $99,900 in November 2024, down 26.8% from last month, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $136.5K$99.9K
-26.8%
4 --
N/A
5+ --
N/A

Summary: 62995 housing prices by bedroom type for November 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 decreased by 26.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

62995
-26.8%
62943
-63.8%

Housing Supply in 62995, IL

How many homes are available in 62995, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1011+10.0%

Summary: The 62995 real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 86
-25.0%
4 13
+200.0%
5+ 11
0.0%

Summary: The 62995 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 62995, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 62995 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 62995, IL

How long does it take to sell a home in 62995, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
82 Days61 Days-25.6%

Summary: Homes in 62995 had an average of 61 days on market in Nov 2024, down by 25.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 62995 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 62995; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in 62995, IL

Nearby Markets to 62995, IL