Is Shiloh Valley Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Shiloh Valley Township was a Neutral Market.
Housing Prices in Shiloh Valley Township, IL
How much do homes in Shiloh Valley Township, IL cost?
Median Sold Price
$375,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shiloh Valley Township was $375,000 in May 2024, up 15.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $121K | $137K | +13.2% |
3 Bedrooms | $241K | $295K | +22.4% |
4 Bedrooms | $340K | $397.9K | +17.0% |
5+ Bedrooms | $430K | $423.7K | -1.5% |
Summary: Shiloh Valley 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 13.2%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Shiloh | $300K | $350K | +16.7% |
Shiloh Valley Township | $325K | $375K | +15.4% |
Mascoutah Township | $250K | $280K | +12.0% |
Mascoutah | $251K | $280K | +11.6% |
Housing Supply in Shiloh Valley Township, IL
How many homes are available in Shiloh Valley Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 41 | -8.9% |
Summary: The Shiloh Valley Township real estate market had 41 homes for sale in May 2024, a 8.9% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Shiloh Valley 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Shiloh Valley Township in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Shiloh Valley Township, IL
How long does it take to sell a home in Shiloh Valley Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 33 Days | -60.1% |
Summary: Homes in Shiloh Valley Township had an average of 33 days on market in May 2024, down by 60.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Shiloh Valley Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.