Is Cahokia, 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, Cahokia has remained a Seller's Market.
Key Takeaway
Cahokia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cahokia, IL
How much do homes in Cahokia, IL cost?
Median Sold Price
$47,000
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cahokia have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in Cahokia was $47,000 in May 2024, up 23.4% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $19K | -72.1% |
| 2 Bedrooms | $30K | $35K | +16.7% |
| 3 Bedrooms | $35K | $50K | +42.9% |
| 4 Bedrooms | $75K | $57K | -24.0% |
| 5+ Bedrooms | $52.5K | $43.7K | -16.7% |
Summary: Cahokia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Centreville Township | $40K | $50K | +25.0% |
| Cahokia | $38K | $47K | +23.4% |
| Sugar Loaf Township | $137.6K | $146.5K | +6.4% |
Housing Supply in Cahokia, IL
How many homes are available in Cahokia, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 67 | -19.3% |
Summary: The Cahokia real estate market had 67 homes for sale in May 2024, a 19.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 53 | 43 | -18.9% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cahokia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cahokia, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Cahokia in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Cahokia, IL
How long does it take to sell a home in Cahokia, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 21 Days | -67.9% |
Summary: Homes in Cahokia had an average of 21 days on market in May 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cahokia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Cahokia; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.