Is Collinsville 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, Collinsville Township has remained a Seller's Market.
Housing Prices in Collinsville Township, IL
How much do homes in Collinsville Township, IL cost?
Median Sold Price
$199,933
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Collinsville Township was $199,933 in March 2024, up 7.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $54.5K | +16.0% |
2 Bedrooms | $120K | $130K | +8.3% |
3 Bedrooms | $185.5K | $210K | +13.2% |
4 Bedrooms | $285K | $278.7K | -2.2% |
5+ Bedrooms | $363.5K | $371K | +2.1% |
Summary: Collinsville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Caseyville Township | $214.3K | $248.5K | +15.9% |
Collinsville | $160.5K | $175.4K | +9.3% |
Collinsville Township | $185.4K | $199.9K | +7.8% |
Glen Carbon | $298.5K | $320K | +7.2% |
Maryville | $317K | $312.5K | -1.4% |
Housing Supply in Collinsville Township, IL
How many homes are available in Collinsville Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 112 | -7.4% |
Summary: The Collinsville Township real estate market had 112 homes for sale in March 2024, a 7.4% 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 | 29 | 24 | -17.2% |
3 Bedrooms | 62 | 58 | -6.5% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Collinsville Township 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 17.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Collinsville Township in March 2024, up by 37.1% month-over-month. Of the 48 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Collinsville Township, IL
How long does it take to sell a home in Collinsville Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 45 Days | -3.8% |
Summary: Homes in Collinsville Township had an average of 45 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Collinsville Township; 35% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.