Is Godfrey 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, Godfrey Township has remained a Seller's Market.
Housing Prices in Godfrey Township, IL
How much do homes in Godfrey Township, IL cost?
Median Sold Price
$200,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Godfrey Township was $200,000 in May 2024, up 13.9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91.2K | $42K | -54.0% |
2 Bedrooms | $122.4K | $149.5K | +22.1% |
3 Bedrooms | $164.4K | $188K | +14.4% |
4 Bedrooms | $251K | $248.5K | -1.0% |
5+ Bedrooms | $295K | $416.7K | +41.3% |
Summary: Godfrey Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 41.3%.
Median Sold Price Compared To Nearby Cities
Godfrey Township | $175.6K | $200K | +13.9% |
Godfrey | $175.6K | $200K | +13.9% |
Alton | $110.6K | $118K | +6.7% |
Alton Township | $110.6K | $118K | +6.7% |
Foster Township | $237K | $225K | -5.1% |
Housing Supply in Godfrey Township, IL
How many homes are available in Godfrey Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 72 | -5.3% |
Summary: The Godfrey Township real estate market had 72 homes for sale in May 2024, a 5.3% 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 | 17 | 15 | -11.8% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Godfrey Township 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 11.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Godfrey Township in May 2024, down by 22.2% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for Godfrey Township, IL
How long does it take to sell a home in Godfrey Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 45 Days | +12.1% |
Summary: Homes in Godfrey Township had an average of 45 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Godfrey Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.