Is Millstadt, 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, Millstadt has remained a Seller's Market.
Housing Prices in Millstadt, IL
How much do homes in Millstadt, IL cost?
Median Sold Price
$262,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Millstadt was $262,000 in March 2024, up 19.1% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $132.5K | -56.6% |
2 Bedrooms | $147K | $185K | +25.9% |
3 Bedrooms | $200K | $262.5K | +31.3% |
4 Bedrooms | $415K | $360K | -13.3% |
5+ Bedrooms | $342K | $489.9K | +43.3% |
Summary: Millstadt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.6%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 43.3%.
Median Sold Price Compared To Nearby Cities
Stookey Township | $155K | $185.1K | +19.5% |
Millstadt | $219.9K | $262K | +19.1% |
Millstadt Township | $250K | $265K | +6.0% |
Housing Supply in Millstadt, IL
How many homes are available in Millstadt, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The Millstadt real estate market had 17 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Millstadt housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Millstadt in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Millstadt, IL
How long does it take to sell a home in Millstadt, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 81 Days | +13.4% |
Summary: Homes in Millstadt had an average of 81 days on market in Mar 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Millstadt; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.