Is East Alton, 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, East Alton has remained a Seller's Market.
Housing Prices in East Alton, IL
How much do homes in East Alton, IL cost?
Median Sold Price
$128,450
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Alton was $128,450 in May 2024, up 28.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $20K | -63.6% |
2 Bedrooms | $72.2K | $100K | +38.4% |
3 Bedrooms | $145K | $145K | 0.0% |
4 Bedrooms | $176.5K | $173.5K | -1.7% |
5+ Bedrooms | $177.2K | - | N/A |
Summary: East Alton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.6%, 2 bedroom homes increased by 38.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
East Alton | $99.9K | $128.4K | +28.5% |
Wood River | $102.9K | $118K | +14.7% |
Wood River Township | $110K | $125K | +13.6% |
Alton | $110.6K | $118K | +6.7% |
Cottage Hills | $90K | $93K | +3.3% |
Housing Supply in East Alton, IL
How many homes are available in East Alton, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 39 | +8.3% |
Summary: The East Alton real estate market had 39 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 10 | 15 | +50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Alton 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 10.5%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in East Alton in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for East Alton, IL
How long does it take to sell a home in East Alton, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 33 Days | -20.2% |
Summary: Homes in East Alton had an average of 33 days on market in May 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in East Alton; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.