Is Alton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alton has remained a Seller's Market.
Key Takeaway
Alton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alton, IL
How much do homes in Alton, IL cost?
Median Sold Price
$118,312
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alton have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Alton was $118,312 in March 2024, up 13.2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | $47.4K | +31.8% |
| 2 Bedrooms | $72.9K | $83K | +13.9% |
| 3 Bedrooms | $133.4K | $135.7K | +1.7% |
| 4 Bedrooms | $175.4K | $175K | -0.3% |
| 5+ Bedrooms | $218.5K | $241.6K | +10.6% |
Summary: Alton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| East Alton | $99.9K | $127.9K | +28.0% |
| Alton | $104.4K | $118.3K | +13.2% |
| Alton Township | $104.5K | $118.3K | +13.2% |
| Wood River Township | $110K | $123K | +11.8% |
Housing Supply in Alton, IL
How many homes are available in Alton, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 113 | +6.6% |
Summary: The Alton real estate market had 113 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 42 | +23.5% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Alton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 38 | +137.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alton, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Alton in March 2024, up by 137.5% month-over-month. Of the 38 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Alton, IL
How long does it take to sell a home in Alton, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 114 Days | +75.6% |
Summary: Homes in Alton had an average of 114 days on market in Mar 2024, up by 75.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alton has remained consistent over time.
Summary: During March 2024, 38 homes were sold in Alton; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.