Is Cahokia, 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, Cahokia has remained a Seller's Market.
Key Takeaway
Cahokia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cahokia, IL
How much do homes in Cahokia, IL cost?
Median Sold Price
$50,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cahokia have sold for 51.5% more than they did a year ago.
Summary: The median home sold price in Cahokia was $50,000 in March 2024, up 51.5% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | - | N/A |
| 2 Bedrooms | $25.5K | $33.3K | +30.8% |
| 3 Bedrooms | $33K | $50K | +51.5% |
| 4 Bedrooms | $63K | $63K | 0.0% |
| 5+ Bedrooms | $72K | $43.7K | -39.3% |
Summary: Cahokia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 51.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
| Cahokia | $33K | $50K | +51.5% |
| Centreville Township | $39.7K | $51K | +28.5% |
| Sugar Loaf Township | $138K | $146K | +5.8% |
Housing Supply in Cahokia, IL
How many homes are available in Cahokia, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Summary: The Cahokia real estate market had 72 homes for sale in March 2024, a 22.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 37 | 45 | +21.6% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cahokia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cahokia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Cahokia in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cahokia, IL
How long does it take to sell a home in Cahokia, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 64 Days | -12.7% |
Summary: Homes in Cahokia had an average of 64 days on market in Mar 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cahokia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Cahokia; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.