Is Fort Russell Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Russell Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Fort Russell Township has remained a Seller's Market.

Key Takeaway

Fort Russell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$70,500(+33.0%)

Key Takeaway

Homes in Fort Russell Township have sold for 33% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $45.9K$47K
+2.3%
2 $134K$164.9K
+23.1%
3 $193K$274.9K
+42.4%
4 $375K$375K
0.0%
5+ $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
+33.0%
Moro
+14.9%
Bethalto
+14.1%
Wood River
+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 2024Feb 2024CHANGE
2026+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 916
+77.8%
4 54
-20.0%
5+ 33
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 2024Feb 2024CHANGE
57+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Russell Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
24 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fort Russell Township has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Fort Russell Township, IL

Nearby Markets to Fort Russell Township, IL

What housing markets are near Fort Russell Township, IL?