Is Fort Russell Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Fort Russell Township has remained a Seller's Market.
Housing Prices in Fort Russell Township, IL
How much do homes in Fort Russell Township, IL cost?
Median Sold Price
$284,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fort Russell Township was $284,000 in February 2024, up 33% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.9K | $47K | +2.3% |
2 Bedrooms | $134K | $164.9K | +23.1% |
3 Bedrooms | $193K | $274.9K | +42.4% |
4 Bedrooms | $375K | $375K | 0.0% |
5+ Bedrooms | $471.2K | $587.5K | +24.7% |
Summary: Fort Russell Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 42.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
Fort Russell Township | $213.5K | $284K | +33.0% |
Moro | $182.7K | $210K | +14.9% |
Bethalto | $164.7K | $188K | +14.1% |
Wood River | $103K | $110.5K | +7.3% |
Housing Supply in Fort Russell Township, IL
How many homes are available in Fort Russell Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Summary: The Fort Russell Township real estate market had 26 homes for sale in February 2024, a 30.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 16 | +77.8% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fort Russell Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 77.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Fort Russell Township in February 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Fort Russell Township, IL
How long does it take to sell a home in Fort Russell Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 33 Days | +36.9% |
Summary: Homes in Fort Russell Township had an average of 33 days on market in Feb 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Fort Russell Township; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.