Is Godfrey, 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, Godfrey has remained a Seller's Market.
Key Takeaway
Godfrey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Godfrey, IL
How much do homes in Godfrey, IL cost?
Median Sold Price
$197,500
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Godfrey have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Godfrey was $197,500 in March 2024, up 10.3% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | $84K | -14.7% |
| 2 Bedrooms | $124.9K | $145.5K | +16.4% |
| 3 Bedrooms | $161K | $192K | +19.3% |
| 4 Bedrooms | $252K | $240K | -4.8% |
| 5+ Bedrooms | $265K | $335K | +26.4% |
Summary: Godfrey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Alton | $104.4K | $118.3K | +13.2% |
| Alton Township | $104.5K | $118.3K | +13.2% |
| Godfrey | $179K | $197.5K | +10.3% |
| Godfrey Township | $179K | $197.5K | +10.3% |
Housing Supply in Godfrey, IL
How many homes are available in Godfrey, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 67 | +19.6% |
Summary: The Godfrey real estate market had 67 homes for sale in March 2024, a 19.6% 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 | 10 | 14 | +40.0% |
| 3 Bedrooms | 30 | 37 | +23.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Godfrey 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 40%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Godfrey, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Godfrey in March 2024, up by 130.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 13% were sold at asking, and 35% were sold over asking.
Days on Market for Godfrey, IL
How long does it take to sell a home in Godfrey, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 55 Days | +9.3% |
Summary: Homes in Godfrey had an average of 55 days on market in Mar 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Godfrey are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Godfrey; 39% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.