Is Edwardsville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Edwardsville Township has remained a Seller's Market.
Housing Prices in Edwardsville Township, IL
How much do homes in Edwardsville Township, IL cost?
Median Sold Price
$318,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Edwardsville Township was $318,000 in May 2024, up 6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95.5K | $124K | +29.8% |
2 Bedrooms | $175K | $179.9K | +2.8% |
3 Bedrooms | $255.5K | $279.9K | +9.5% |
4 Bedrooms | $365.5K | $425K | +16.3% |
5+ Bedrooms | $490K | $537.5K | +9.7% |
Summary: Edwardsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Glen Carbon | $302.3K | $325.2K | +7.6% |
Edwardsville Township | $300K | $318K | +6.0% |
Edwardsville | $300K | $312.4K | +4.1% |
Pin Oak Township | $420K | $435K | +3.6% |
Housing Supply in Edwardsville Township, IL
How many homes are available in Edwardsville Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 174 | +13.0% |
Summary: The Edwardsville Township real estate market had 174 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 63 | 69 | +9.5% |
4 Bedrooms | 64 | 69 | +7.8% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Edwardsville 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 increased by 21.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 49 | +16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Edwardsville Township in May 2024, up by 16.7% month-over-month. Of the 49 sold homes, 31% were sold under asking, 18% were sold at asking, and 51% were sold over asking.
Days on Market for Edwardsville Township, IL
How long does it take to sell a home in Edwardsville Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 38 Days | -35.0% |
Summary: Homes in Edwardsville Township had an average of 38 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Edwardsville Township; 49% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.