Is Stookey Township, 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, Stookey Township was a Seller's Market.
Key Takeaway
Stookey Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Stookey Township, IL
How much do homes in Stookey Township, IL cost?
Median Sold Price
$185,164
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stookey Township have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Stookey Township was $185,164 in March 2024, up 19.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $138.2K | +10.6% |
| 3 Bedrooms | $155K | $165.2K | +6.6% |
| 4 Bedrooms | $270K | $247.3K | -8.4% |
| 5+ Bedrooms | $374.9K | $430K | +14.7% |
Summary: Stookey Township 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 10.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Centreville Township | $39.7K | $51K | +28.5% |
| Stookey Township | $155K | $185.1K | +19.5% |
| Belleville Township | $151.7K | $178.8K | +17.9% |
| Belleville | $151.5K | $178.7K | +17.9% |
Housing Supply in Stookey Township, IL
How many homes are available in Stookey Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Stookey Township real estate market had 31 homes for sale in March 2024, a 10.7% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Stookey 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 75%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stookey Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Stookey Township in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Stookey Township, IL
How long does it take to sell a home in Stookey Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 12 Days | -64.2% |
Summary: Homes in Stookey Township had an average of 12 days on market in Mar 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stookey Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Stookey Township; 80% of homes were sold within 30 days, 20% 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.