The 62040 housing market is somewhat competitive. The median sale price of a home in 62040 was $126K last month, up 4.7% since last year. The median sale price per square foot in 62040 is $102, up 13.3% since last year.
In January 2025, 62040 home prices were up 4.7% compared to last year, selling for a median price of $126K. On average, homes in 62040 sell after 38 days on the market compared to 33 days last year. There were 136 homes sold in January this year, up from 130 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$125,666
+4.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
62040, IL
$125,667
+4.7%
United States
To compare other locations to the 62040 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Illinois add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the 62040 housing market?
62040 is somewhat competitive. Homes sell in 44 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 44 days.
Hot homes
can sell for about 2% above list price and go pending in around 23 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
62040, IL
97.1%
-0.14 pt
United States
Schools in 62040
Learn about schools in the 62040 area
Elementary
Middle
High
GreatSchools Rating
4/10
Mitchell Elementary School
Public • 3-4
387
Students
1 reviews
4/10
Larimore Elementary School
Public • PreK-5
355
Students
4 reviews
2/10
Frohardt Elementary School
Public • 3-4
445
Students
3 reviews
2/10
Glasgow Elementary School
Public • K-5
257
Students
4 reviews
2/10
Bernard Long Elementary School
Public • PreK-5
339
Students
N/A
Only showing 5 of
12 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 62040 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 62040.
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
62040 has a minor risk of flooding. 1,559 properties in 62040 are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in 62040. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
62040 has a moderate risk of wildfire. There are 194 properties in 62040 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 62040.
99% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
62040 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 62040 is most at risk from hurricanes. 19,789 properties in 62040 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 59 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 69 mph.