Is Mascoutah Township, 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, Mascoutah Township has remained a Seller's Market.
Key Takeaway
Mascoutah Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mascoutah Township, IL
How much do homes in Mascoutah Township, IL cost?
Median Sold Price
$273,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mascoutah Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Mascoutah Township was $273,000 in March 2024, up 10.9% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.4K | $147.5K | -23.4% |
| 3 Bedrooms | $223K | $288.5K | +29.4% |
| 4 Bedrooms | $270K | $285K | +5.6% |
| 5+ Bedrooms | $377.5K | $473.9K | +25.5% |
Summary: Mascoutah Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.4%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Cities
| New Baden | $150K | $204K | +36.0% |
| Mascoutah | $246.1K | $280K | +13.7% |
| Shiloh Valley Township | $318K | $360K | +13.2% |
| Mascoutah Township | $246.1K | $273K | +10.9% |
Housing Supply in Mascoutah Township, IL
How many homes are available in Mascoutah Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Summary: The Mascoutah Township real estate market had 38 homes for sale in March 2024, a 15.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mascoutah Township 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 remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mascoutah Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Mascoutah Township in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Mascoutah Township, IL
How long does it take to sell a home in Mascoutah Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 34 Days | -63.6% |
Summary: Homes in Mascoutah Township had an average of 34 days on market in Mar 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mascoutah Township has remained consistent over time.
Summary: During March 2024, 10 homes were sold in Mascoutah Township; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.