62938, Golconda, IL

The home equity and home prices in the 62938 zip code of Golconda, IL are reflective of the overall market conditions in the area. The median home value in this zip code is $172,000, which is lower than the statewide median home value of $217,500. However, this does not mean that there are not a number of homes for sale in this zip code. In fact, there are currently 47 homes for sale in this zip code. This indicates that there is a moderate demand for housing in this area.

When looking at the average list price per square foot for homes for sale in this zip code, it is evident that there is a significant difference between the price per square foot for properties that have been on the market for more than one month and those that have been on the market for less than one month. The average list price per square foot for properties that have been on the market for more than one month is $123.00, while the average list price per square foot for properties that have been on the market for less than one month is $92.00. This indicates that there is a higher demand among buyers who are willing to pay more money to purchase a property quickly.

When considering how long it has taken houses to sell within this zip code over the past twelve months, it can be seen that sales speeds vary significantly depending on how recently a property was listed on MLS (Multiple Listing Service). Properties which were listed within six months of being put up for sale sold at an average pace of 2 days after being put up for sale; while properties which were listed more than twelve months ago sold at an average pace of 97 days after being put up for sale. This suggests that there may be some hesitation among buyers when purchasing a property which has been listed on MLS longer than six months ago.