Is 62301, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 62301 has remained a Seller's Market.
Housing Prices in 62301, IL
How much do homes in 62301, IL cost?
Median Sold Price
$134,800
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 62301 was $134,800 in May 2024, up 7.8% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.4K | $80K | +49.8% |
2 Bedrooms | $109K | $115K | +5.5% |
3 Bedrooms | $137.9K | $140K | +1.5% |
4 Bedrooms | $165.2K | $173.2K | +4.8% |
5+ Bedrooms | $224.1K | $218.5K | -2.5% |
Summary: 62301 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Zip Codes
62305 | $225K | $266K | +18.2% |
62301 | $125K | $134.8K | +7.8% |
Housing Supply in 62301, IL
How many homes are available in 62301, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 131 | -3.0% |
Summary: The 62301 real estate market had 131 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 55 | 48 | -12.7% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 62301 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 62301 in May 2024, up by 6.1% month-over-month. Of the 35 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 62301, IL
How long does it take to sell a home in 62301, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 33 Days | +101.1% |
Summary: Homes in 62301 had an average of 33 days on market in May 2024, up by 101.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in 62301; 71% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.