Is Millstadt 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, Millstadt Township has remained a Seller's Market.
Housing Prices in Millstadt Township, IL
How much do homes in Millstadt Township, IL cost?
Median Sold Price
$265,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Millstadt Township was $265,000 in March 2024, up 6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $132.5K | -56.6% |
2 Bedrooms | $147K | $195K | +32.7% |
3 Bedrooms | $210K | $270K | +28.6% |
4 Bedrooms | $425K | $339.9K | -20.0% |
5+ Bedrooms | $342K | $489.9K | +43.3% |
Summary: Millstadt Township 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 32.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 43.3%.
Median Sold Price Compared To Nearby Cities
Millstadt | $219.9K | $262K | +19.1% |
Millstadt Township | $250K | $265K | +6.0% |
Sugar Loaf Township | $138K | $146K | +5.8% |
Smithton Township | $273.5K | $278K | +1.6% |
Prairie Du Long Township | $320K | $311.9K | -2.5% |
Housing Supply in Millstadt Township, IL
How many homes are available in Millstadt Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Millstadt Township real estate market had 21 homes for sale in March 2024, a 10.5% 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 | 7 | 10 | +42.9% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Millstadt Township 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 42.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Millstadt Township in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Millstadt Township, IL
How long does it take to sell a home in Millstadt Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 63 Days | -11.2% |
Summary: Homes in Millstadt Township had an average of 63 days on market in Mar 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Millstadt Township; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.