Is Caseyville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Caseyville Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Caseyville Township has remained a Seller's Market.

Key Takeaway

Caseyville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Caseyville Township, IL

How much do homes in Caseyville Township, IL cost?

Median Sold Price

$248,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,000(+12.7%)

Key Takeaway

Homes in Caseyville Township have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Caseyville Township was $248,000 in May 2024, up 12.7% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$45.5K
N/A
2 $125K$129.9K
+3.9%
3 $185K$220K
+18.9%
4 $325K$372.4K
+14.6%
5+ $442.5K$471.5K
+6.6%

Summary: Caseyville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Caseyville
+51.6%
Caseyville Township
+12.7%
Fairview Heights
+11.1%
Collinsville
+7.8%
O'Fallon
+5.0%

Housing Supply in Caseyville Township, IL

How many homes are available in Caseyville Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
187194+3.7%

Summary: The Caseyville Township real estate market had 194 homes for sale in May 2024, a 3.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2926
-10.3%
3 93100
+7.5%
4 4949
0.0%
5+ 1619
+18.8%

Summary: The Caseyville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3549+40.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Caseyville Township, you could pay more than the asking price. 59.2% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in Caseyville Township in May 2024, up by 40.0% month-over-month. Of the 49 sold homes, 24% were sold under asking, 16% were sold at asking, and 59% were sold over asking.

Days on Market for Caseyville Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
43 Days54 Days+26.7%

Summary: Homes in Caseyville Township had an average of 54 days on market in May 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Caseyville Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 49 homes were sold in Caseyville Township; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Caseyville Township, IL

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