New - 12 hours on Rocket
$5,936 Closing Credit¹
#25012568, Listing Office: Keller Williams Pinnacle
62298 Housing Market Report February 2025•Monroe County, Illinois
Housing Prices in 62298, IL
How much do homes in 62298, IL cost?
Housing Market Conditions
Is 62298, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
62298 is a Buyer's Market
Difference Since February 2024
At the same time last year, 62298 was a Seller's Market.
Insight
62298 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$345,000$155/SqFt
+$40,000
+13.1%
Based on all homes sold in the last 12 months
Insight
Homes in 62298 have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in 62298 was $345,000 in February 2025, up 13.1% from last year, and the median price per square foot was $155.
Median Sold Price By Zip Codes
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 62298 | $305K | $345K | +13.1% |
| 62236 | $325K | $342.5K | +5.4% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $316.6K | $92.5K | -70.8% |
| 22 Bedrooms | $191.5K | $191K | -0.3% |
| 33 Bedrooms | $298.9K | $345K | +15.4% |
| 44 Bedrooms | $350K | $425K | +21.4% |
| 55+ Bedrooms | $375K | $450K | +20.0% |
Summary: 62298 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -70.8%. The home price for 2 bedroom homes decreased by -0.3%. The home price for 3 bedroom homes increased by +15.4%. The home price for 4 bedroom homes increased by +21.4%. The home price for 5 bedroom homes increased by +20.0%.
Housing supply in 62298, IL
How many homes are available in 62298, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 53Last MonthFeb 2025 | ||
| 522 months agoJan 2025 | +1.9 % Change MoMJan – Feb |
Summary: The 62298 real estate market had 53 homes for sale in Feb 2025, a 1.9 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthFeb 2025 | ||
| 142 months agoJan 2025 | -57.1 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 36 | 37 | +2.8% |
| 44 Bedrooms | 10 | 12 | +20.0% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: 62298 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +2.8%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in 62298, IL cost?
Over Asking Price0 Home
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in 62298, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 62298 in February 2025, down by 57.1% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for 62298, IL
How long does it take to sell a home in 62298, IL?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in 62298 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 6 homes were sold in 62298; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 49 DaysThis YearFeb 2025 | ||
| 78 Days1 year agoFeb 2024 | -37.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 62298 had an average listing age of 49 days in Feb 2025, down by 37.3% compared to the previous year.
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Newest Listings in 62298, IL
What homes are available in 62298, IL?
New - 13 hours on Rocket
$4,155 Closing Credit¹
#25010467, Listing Office: RE/MAX Preferred
New - 5 days on Rocket
$5,819 Closing Credit¹
#25008822, Listing Office: RE/MAX Results Realty
Backup offers
$4,156 Closing Credit¹
#25009375, Listing Office: eXp Realty
Backup offers
$3,266 Closing Credit¹
#QC4260623, Leah Heintz, Listing Office: House 2 Home Realty Carterville
Backup offers
$6,531 Closing Credit¹
#25005632, Listing Office: Keller Williams Pinnacle
Backup offers
$5,759 Closing Credit¹
#25006401, Listing Office: RE/MAX Preferred
Backup offers
$2,968 Closing Credit¹
#25006363, Listing Office: Keller Williams Pinnacle
Backup offers
$6,116 Closing Credit¹
#25005437, Listing Office: Cisler & Assoc Real Estate
$7,707 Closing Credit¹
#25005323, Listing Office: Worth Clark Realty
Backup offers
$5,926 Closing Credit¹
#24072633, Listing Office: eXp Realty
$4,510 Closing Credit¹
#25004230, Listing Office: RE/MAX Preferred
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MLS Disclaimers and Copyright
Based on information from Mid America Regional Information System, and RMLS Alliance for the period 03/01/2023 - 03/01/2025
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2025 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:53:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.