Is Glen Carbon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glen Carbon has remained a Seller's Market.
Key Takeaway
Glen Carbon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Carbon, IL
How much do homes in Glen Carbon, IL cost?
Median Sold Price
$332,450
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glen Carbon have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Glen Carbon was $332,450 in April 2024, up 10.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $124K | +30.5% |
| 2 Bedrooms | $198K | $210K | +6.1% |
| 3 Bedrooms | $258.4K | $283K | +9.5% |
| 4 Bedrooms | $370K | $426.7K | +15.3% |
| 5+ Bedrooms | $475K | $457.5K | -3.7% |
Summary: Glen Carbon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Glen Carbon | $300K | $332.4K | +10.8% |
| Edwardsville Township | $292.3K | $319K | +9.1% |
| Edwardsville | $292.6K | $310.1K | +6.0% |
| Collinsville Township | $189K | $199.1K | +5.4% |
| Maryville | $321K | $307.7K | -4.1% |
Housing Supply in Glen Carbon, IL
How many homes are available in Glen Carbon, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The Glen Carbon real estate market had 51 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Glen Carbon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Carbon, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Glen Carbon in April 2024, down by 21.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Glen Carbon, IL
How long does it take to sell a home in Glen Carbon, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 43 Days | -48.1% |
Summary: Homes in Glen Carbon had an average of 43 days on market in Apr 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Carbon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Glen Carbon; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.