New - 9 hours on Rocket
$2,138 Closing Credit¹
#CA1034251, Randy Aldrich, Listing Office: The Real Estate Group, Inc.
62704 Housing Market Report January 2025•Sangamon County, Illinois
Housing Prices in 62704, IL
How much do homes in 62704, IL cost?
Housing Market Conditions
Is 62704, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
62704 is a Seller's Market
Difference Since January 2024
Since last year, 62704 has remained a Seller's Market.
Insight
62704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$170,000$103/SqFt
+$5,000
+3.0%
Based on all homes sold in the last 12 months
Insight
Homes in 62704 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 62704 was $170,000 in January 2025, up 3% from last year, and the median price per square foot was $103.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $48K | $58.7K | +22.4% |
| 22 Bedrooms | $104.4K | $129.9K | +24.4% |
| 33 Bedrooms | $179.9K | $185K | +2.8% |
| 44 Bedrooms | $225K | $223.4K | -0.7% |
| 55+ Bedrooms | $395K | $390K | -1.3% |
Summary: 62704 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +22.4%. The home price for 2 bedroom homes increased by +24.4%. The home price for 3 bedroom homes increased by +2.8%. The home price for 4 bedroom homes decreased by -0.7%. The home price for 5 bedroom homes decreased by -1.3%.
Housing supply in 62704, IL
How many homes are available in 62704, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 96Last MonthJan 2025 | ||
| 1162 months agoDec 2024 | -17.2 % Change MoMDec – Jan |
Summary: The 62704 real estate market had 96 homes for sale in Jan 2025, a 17.2 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthJan 2025 | ||
| 472 months agoDec 2024 | -34.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 2 | +100.0% |
| 22 Bedrooms | 29 | 23 | -20.7% |
| 33 Bedrooms | 54 | 44 | -18.5% |
| 44 Bedrooms | 24 | 21 | -12.5% |
| 55+ Bedrooms | 8 | 6 | -25.0% |
Summary: 62704 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -20.7%. The inventory for 3 bedroom homes decreased by -18.5%. The inventory for 4 bedroom homes decreased by -12.5%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in 62704, IL cost?
Over Asking Price8 Homes
At Asking Price7 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in 62704, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 62704 in January 2025, down by 34.0% month-over-month. Of the 31 sold homes, 52% were sold under asking, 23% were sold at asking, and and 26% were sold over asking.
Days on Market for 62704, IL
How long does it take to sell a home in 62704, IL?
Breakdown of Home Sale Times
Under 30 Days23 Homes
30 – 90 Days5 Homes
Over 90 Days3 Homes
Insight
Many homes in 62704 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 31 homes were sold in 62704; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 31 DaysThis YearJan 2025 | ||
| 14 Days1 year agoJan 2024 | +123.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 62704 had an average listing age of 31 days in Jan 2025, up by 123.4% compared to the previous year.
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Newest Listings in 62704, IL
What homes are available in 62704, IL?
New - 1 day on Rocket
#CA1034234, Ketki Arya, Listing Office: The Real Estate Group, Inc.
New - 1 day on Rocket
$1,483 Closing Credit¹
#CA1034229, Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
$2,338 Closing Credit¹
#CA1034119, James Skeeters, Listing Office: Keller Williams Capital
$802 Closing Credit¹
#CA1034098, Natchure Echols, Listing Office: The Real Estate Group, Inc.
#CA1034007, Ben Call, Listing Office: The Real Estate Group, Inc.
#CA1034009, Ben Call, Listing Office: The Real Estate Group, Inc.
#CA1034010, Ben Call, Listing Office: The Real Estate Group, Inc.
#CA1033999, Ben Call, Listing Office: The Real Estate Group, Inc.
$2,350 Closing Credit¹
#CA1033906, Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
$830 Closing Credit¹
#CA1033899, Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
$1,603 Closing Credit¹
#CA1033816, Clayton Yates, Listing Office: The Real Estate Group, Inc.
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, 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.