Is Collinsville, 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, Collinsville has remained a Seller's Market.
Housing Prices in Collinsville, IL
How much do homes in Collinsville, IL cost?
Median Sold Price
$175,400
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Collinsville was $175,400 in March 2024, up 9.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $54K | +14.9% |
2 Bedrooms | $112K | $126.5K | +12.9% |
3 Bedrooms | $170K | $192K | +12.9% |
4 Bedrooms | $237.2K | $255K | +7.5% |
5+ Bedrooms | $231.5K | $362.5K | +56.6% |
Summary: Collinsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 56.6%.
Median Sold Price Compared To Nearby Cities
Caseyville | $151K | $268.7K | +78.0% |
Caseyville Township | $214.3K | $248.5K | +15.9% |
Collinsville | $160.5K | $175.4K | +9.3% |
Collinsville Township | $185.4K | $199.9K | +7.8% |
Maryville | $317K | $312.5K | -1.4% |
Housing Supply in Collinsville, IL
How many homes are available in Collinsville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 76 | -8.4% |
Summary: The Collinsville real estate market had 76 homes for sale in March 2024, a 8.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 39 | 35 | -10.3% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Collinsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Collinsville in March 2024, up by 30.8% month-over-month. Of the 34 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Collinsville, IL
How long does it take to sell a home in Collinsville, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 45 Days | -0.8% |
Summary: Homes in Collinsville had an average of 45 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Collinsville; 32% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.