Is Edwardsville, 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 has remained a Seller's Market.
Housing Prices in Edwardsville, IL
How much do homes in Edwardsville, IL cost?
Median Sold Price
$312,444
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Edwardsville was $312,444 in May 2024, up 4.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $114K | N/A |
2 Bedrooms | $174.9K | $177.4K | +1.5% |
3 Bedrooms | $255K | $271K | +6.3% |
4 Bedrooms | $365.2K | $415K | +13.6% |
5+ Bedrooms | $540K | $632K | +17.0% |
Summary: Edwardsville 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 1.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 17%.
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% |
South Roxana | $88K | $90K | +2.3% |
Housing Supply in Edwardsville, IL
How many homes are available in Edwardsville, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 116 | +8.4% |
Summary: The Edwardsville real estate market had 116 homes for sale in May 2024, a 8.4% 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 | 15 | +7.1% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Edwardsville 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 7.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 34 | +17.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Edwardsville in May 2024, up by 17.2% month-over-month. Of the 34 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Edwardsville, IL
How long does it take to sell a home in Edwardsville, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 43 Days | -2.5% |
Summary: Homes in Edwardsville had an average of 43 days on market in May 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Edwardsville; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.