Is Shiloh, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shiloh has remained a Seller's Market.
Housing Prices in Shiloh, IL
How much do homes in Shiloh, IL cost?
Median Sold Price
$350,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shiloh was $350,000 in April 2024, up 16.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $164.7K | -3.1% |
3 Bedrooms | $250.5K | $283.9K | +13.3% |
4 Bedrooms | $350K | $383.5K | +9.6% |
5+ Bedrooms | $420K | $419K | -0.2% |
Summary: Shiloh housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Shiloh | $300K | $350K | +16.7% |
O Fallon | $299.9K | $315.4K | +5.2% |
Saint Clair Township | $225K | $235.5K | +4.7% |
O'Fallon | $296.7K | $310.2K | +4.5% |
Swansea | $241K | $240K | -0.4% |
Housing Supply in Shiloh, IL
How many homes are available in Shiloh, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Summary: The Shiloh real estate market had 62 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Shiloh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Shiloh in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Shiloh, IL
How long does it take to sell a home in Shiloh, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 58 Days | +23.3% |
Summary: Homes in Shiloh had an average of 58 days on market in Apr 2024, up by 23.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Shiloh; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.