New - 13 hours on Rocket
$1,009 Closing Credit¹
#CA1034248, Cheri Shadis, Listing Office: The Real Estate Group, Inc.
62702 Housing Market Report January 2025•Sangamon County, Illinois
Housing Prices in 62702, IL
How much do homes in 62702, IL cost?
Housing Market Conditions
Is 62702, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
62702 is a Seller's Market
Difference Since January 2024
Since last year, 62702 has remained a Seller's Market.
Insight
62702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$121,723$94/SqFt
+$9,156
+8.1%
Based on all homes sold in the last 12 months
Insight
Homes in 62702 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 62702 was $121,723 in January 2025, up 8.1% from last year, and the median price per square foot was $94.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 62707 | $168K | $187K | +11.3% |
| 62702 | $112.5K | $121.7K | +8.1% |
| 62704 | $165K | $170K | +3.0% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $35K | $54K | +54.3% |
| 22 Bedrooms | $80.5K | $87K | +8.1% |
| 33 Bedrooms | $123.5K | $134.5K | +8.9% |
| 44 Bedrooms | $147K | $171.5K | +16.7% |
| 55+ Bedrooms | $338K | $237.5K | -29.7% |
Summary: 62702 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +54.3%. The home price for 2 bedroom homes increased by +8.1%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +16.7%. The home price for 5 bedroom homes decreased by -29.7%.
Housing supply in 62702, IL
How many homes are available in 62702, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 92Last MonthJan 2025 | ||
| 1002 months agoDec 2024 | -8.0 % Change MoMDec – Jan |
Summary: The 62702 real estate market had 92 homes for sale in Jan 2025, a 8.0 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJan 2025 | ||
| 412 months agoDec 2024 | -56.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 6 | +20.0% |
| 22 Bedrooms | 35 | 27 | -22.9% |
| 33 Bedrooms | 46 | 47 | +2.2% |
| 44 Bedrooms | 11 | 9 | -18.2% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: 62702 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +20.0%. The inventory for 2 bedroom homes decreased by -22.9%. The inventory for 3 bedroom homes increased by +2.2%. The inventory for 4 bedroom homes decreased by -18.2%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 62702, IL cost?
Over Asking Price3 Homes
At Asking Price4 Homes
Under Asking Price11 Homes
Insight
If you're buying a home in 62702, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 62702 in January 2025, down by 56.1% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and and 17% were sold over asking.
Days on Market for 62702, IL
How long does it take to sell a home in 62702, IL?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in 62702 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 18 homes were sold in 62702; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 10 DaysThis YearJan 2025 | ||
| 20 Days1 year agoJan 2024 | -50.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 62702 had an average listing age of 10 days in Jan 2025, down by 50.2% compared to the previous year.
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Newest Listings in 62702, IL
What homes are available in 62702, IL?
New - 15 hours on Rocket
$1,603 Closing Credit¹
#CA1034246, Ben Call, Listing Office: The Real Estate Group, Inc.
New - 18 hours on Rocket
$2,018 Closing Credit¹
#CA1034236, Jami Winchester, Listing Office: The Real Estate Group, Inc.
New - 1 day on Rocket
$2,613 Closing Credit¹
#CA1034216, Barbara Endzelis, Listing Office: RE/MAX Professionals
New - 1 day on Rocket
$1,366 Closing Credit¹
#CA1034211, Jami Winchester, Listing Office: The Real Estate Group, Inc.
New - 4 days on Rocket
$1,602 Closing Credit¹
#CA1034174, Joseph Tetzlaff, Listing Office: RE/MAX Professionals
New - 7 days on Rocket
$1,008 Closing Credit¹
#CA1034132, Mary Jo Welch, Listing Office: RE/MAX Professionals
$1,008 Closing Credit¹
#CA1034115, Diane Tinsley, Listing Office: The Real Estate Group, Inc.
$1,044 Closing Credit¹
#CA1034094, Jan Brewer, Listing Office: RE/MAX Professionals
$831 Closing Credit¹
#CA1034058, Stephanie Do, Listing Office: Do Realty Services, Inc.
$926 Closing Credit¹
#CA1034030, Lisa Haggerty, Listing Office: Keller Williams Capital
$742 Closing Credit¹
#CA1034004, Kim Wenda, Listing Office: RE/MAX Professionals
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, and Mid America Regional Information System for the period 02/01/2023 - 02/01/2025
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: 2/4/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/4/2025, 11:53:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.