Is Moro, 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, Moro has remained a Seller's Market.
Housing Prices in Moro, IL
How much do homes in Moro, IL cost?
Median Sold Price
$242,450
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Moro was $242,450 in March 2024, up 37% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $47K | N/A |
2 Bedrooms | $115K | $250K | +117.4% |
3 Bedrooms | $164.5K | $206K | +25.2% |
4 Bedrooms | $295K | $297.5K | +0.8% |
5+ Bedrooms | $747.5K | $235K | -68.6% |
Summary: Moro 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 increased by 117.4%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 68.6%.
Median Sold Price Compared To Nearby Cities
Moro | $177K | $242.4K | +37.0% |
Fort Russell Township | $225K | $282.5K | +25.6% |
Bethalto | $170K | $182.4K | +7.3% |
Moro Township | $266K | $265K | -0.4% |
Housing Supply in Moro, IL
How many homes are available in Moro, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Moro real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moro 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 decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Moro in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Moro, IL
How long does it take to sell a home in Moro, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 2 Days | -97.1% |
Summary: Homes in Moro had an average of 2 days on market in Mar 2024, down by 97.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Moro; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.