62838 Housing Market Report February 2025Fayette County, Illinois

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Housing Prices in 62838, IL

How much do homes in 62838, IL cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$139,900$81/SqFt
+$52,900
+60.8%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 62838 has increased by 60.8% since last year.

Summary: The median home list price in 62838 was $139,900 in February 2025, up 60.8% from the previous year, and the median price per square foot was $81.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
62854
+119.1%
62838
+60.8%
62858
+37.3%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$59.7K$78.5K
+31.4%
3$110K$150K
+36.4%
4$167.4K$156.9K
-6.3%
5--
N/A

Summary: 62838 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +31.4%. The home price for 3 bedroom homes increased by +36.4%. The home price for 4 bedroom homes decreased by -6.3%. The home price for 5 bedroom homes did not change.

Housing supply in 62838, IL

How many homes are available in 62838, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
32 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The 62838 real estate market had 3 homes for sale in Feb 2025, the same as Jan 2025

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
321
-50.0%
412
+100.0%
500
0.0%

Summary: 62838 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 remained the same. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Days on Market for 62838, IL

How long does it take to sell a home in 62838, IL?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
31 DaysThis YearFeb 2025
122 Days1 year agoFeb 2024
-74.2 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 62838 had an average listing age of 31 days in Feb 2025, down by 74.2% compared to the previous year.

Newest Listings in 62838, IL

What homes are available in 62838, IL?

Nearby markets

Nearby markets aren't available for 62838, IL

MLS Disclaimers and Copyright

Based on information from RMLS Alliance, and Central Illinois Board of Realtors MLS for the period 03/01/2023 - 03/01/2025

IDX 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: 3/11/2025, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 9:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.