62208 Home Values & Market Trends

There are 40 homes currently listed for 62208. 62208 real estate market trends show that home prices range from $23,500 to $499,000, and the median sales price in the 62208 zip code is $177,429.75. The total number of properties sold within the past twelve months is 321. In 62208, 47 properties are in foreclosure, 4 are bank owned properties,and 4 are headed for auction.

Housing Market Summary for 62208

Apr 2023March 2024Change
Median Listing Price$187.5K$177.3K-5.43%
Median Sold Price$178.8K$177.3K-0.83%
Homes For Sale203470.00%
Homes Sold199189-5.03%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 62208

The median list price of a home in Fairview Heights, is $177,429.75. A total of 40 properties are for sale, and the percentage of properties for sale in the zip code is 40.00%. The total count of 62208 properties is 6,782.

Foreclosure
There is 1 cities within 62208; within this cities, the median estimated home value for homes in foreclosure ranges from $434,797 in fairview heights to the lowest value of $49,900 in fairview heights. Foreclosure homes account for 0.00% of properties in 62208 with fairview heights containing 47 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.58% of all residential properties in 62208 with fairview heights containing 39 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 62208; of that cities, the estimated home value for pre-foreclosure homes ranges from $360,653 in fairview heights to the lowest home value of $49,900 in fairview heights.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 62208 ranges from the highest value of $434,797 in fairview heights to the lowest value of $69,500 in fairview heights. Bank owned homes and properties account for 0.06% of properties in 62208. There is 1 cities within 62208; fairview heights containing 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    fairview heights has 4 auction properties, the highest number of properties going to auction in a single city in the state of 62208. Auction homes and other auction properties account for 0.06% of all properties in 62208. There is 1 cities within 62208; of that cities, the median estimated home value for homes going to auction ranges from $246,011 in fairview heights to the lowest value of $100,945 in fairview heights.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.59% of residential properties in 62208 with fairview heights containing 40 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 62208; homes for sale in that cities, have a range of median values from $440,000 in fairview heights to the lowest value of $45,520 in fairview heights.
    Sold Homes
    The median value for recently sold homes ranges from $554,951 in fairview heights to the lowest price of $28,290 in fairview heights. There is 1 cities within 62208. fairview heights has 201 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.99% of properties in 62208.

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      Guide for 62208

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.