Is Swansea, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swansea is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Swansea has remained a Seller's Market.

Key Takeaway

Swansea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Swansea, IL

How much do homes in Swansea, IL cost?

Median Sold Price

$236,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$14,000(-5.6%)

Key Takeaway

Homes in Swansea have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Swansea was $236,000 in February 2024, down 5.6% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$40.7K
N/A
2 $124.9K$125.9K
+0.8%
3 $227.5K$229K
+0.7%
4 $314K$322.5K
+2.7%
5+ $310K$409K
+31.9%

Summary: Swansea housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Cities

Belleville
+17.1%
Belleville Township
+17.0%
Fairview Heights
+15.8%
Saint Clair Township
+0.7%
Swansea
-5.6%

Housing Supply in Swansea, IL

How many homes are available in Swansea, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
44440.0%

Summary: The Swansea real estate market had 44 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 2322
-4.3%
4 69
+50.0%
5+ 42
-50.0%

Summary: The Swansea housing inventory by bedroom type for February 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 4.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swansea, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Swansea in February 2024, down by 18.2% month-over-month. Of the 9 sold homes, 0% were sold under asking, 44% were sold at asking, and 56% were sold over asking.

Days on Market for Swansea, IL

How long does it take to sell a home in Swansea, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days47 Days-19.3%

Summary: Homes in Swansea had an average of 47 days on market in Feb 2024, down by 19.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Swansea are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in Swansea; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Swansea, IL

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