Is South Roxana, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Roxana was a Neutral Market.
Key Takeaway
South Roxana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Roxana, IL
How much do homes in South Roxana, IL cost?
Median Sold Price
$87,300
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Roxana have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in South Roxana was $87,300 in March 2024, down 12.7% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $32.5K | $73K | +124.6% |
| 3 Bedrooms | $105.2K | $108.7K | +3.3% |
| 4 Bedrooms | $106.4K | $110.1K | +3.5% |
| 5+ Bedrooms | - | $115.5K | N/A |
Summary: South Roxana 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 124.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wood River Township | $110K | $123K | +11.8% |
| Edwardsville | $295.2K | $305K | +3.3% |
| Chouteau Township | $126.5K | $120.7K | -4.5% |
| South Roxana | $100K | $87.3K | -12.7% |
Housing Supply in South Roxana, IL
How many homes are available in South Roxana, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The South Roxana real estate market had 7 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The South Roxana 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Roxana, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in South Roxana in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for South Roxana, IL
How long does it take to sell a home in South Roxana, IL?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Roxana are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in South Roxana; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.