Is Edwardsville, 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, Edwardsville has remained a Seller's Market.
Key Takeaway
Edwardsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edwardsville, IL
How much do homes in Edwardsville, IL cost?
Median Sold Price
$305,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edwardsville have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Edwardsville was $305,000 in March 2024, up 3.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $114K | +14.0% |
| 2 Bedrooms | $169.2K | $187K | +10.5% |
| 3 Bedrooms | $255K | $277.9K | +9.0% |
| 4 Bedrooms | $365.5K | $389K | +6.4% |
| 5+ Bedrooms | $460K | $635K | +38.0% |
Summary: Edwardsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
| Pin Oak Township | $393.9K | $425K | +7.9% |
| Edwardsville Township | $292.4K | $314.9K | +7.7% |
| Glen Carbon | $298.5K | $320K | +7.2% |
| Edwardsville | $295.2K | $305K | +3.3% |
| South Roxana | $100K | $87.3K | -12.7% |
Housing Supply in Edwardsville, IL
How many homes are available in Edwardsville, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 104 | +18.2% |
Summary: The Edwardsville real estate market had 104 homes for sale in March 2024, a 18.2% 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 | 14 | +27.3% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 24 | 36 | +50.0% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Edwardsville 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 27.3%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Asking Price vs. Sold Price
12 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 Edwardsville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Edwardsville in March 2024, up by 47.4% month-over-month. Of the 28 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Edwardsville, IL
How long does it take to sell a home in Edwardsville, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 39 Days | -31.7% |
Summary: Homes in Edwardsville had an average of 39 days on market in Mar 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edwardsville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Edwardsville; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.