Is Alton Township, 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 Township has remained a Seller's Market.
Key Takeaway
Alton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alton Township, IL
How much do homes in Alton Township, IL cost?
Median Sold Price
$118,312
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alton Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Alton Township was $118,312 in March 2024, up 13.2% from last year, and the median price per square foot was $87.
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 Township 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 Township | $104.5K | $118.3K | +13.2% |
| Alton | $104.4K | $118.3K | +13.2% |
| Wood River Township | $110K | $123K | +11.8% |
Housing Supply in Alton Township, IL
How many homes are available in Alton Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 113 | +6.6% |
Summary: The Alton Township 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 Township 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 Township, 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 Township 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 Township, IL
How long does it take to sell a home in Alton Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 114 Days | +75.6% |
Summary: Homes in Alton Township 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 Township has remained consistent over time.
Summary: During March 2024, 38 homes were sold in Alton Township; 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.