Is Swansea, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Swansea has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40.7K | N/A |
2 Bedrooms | $124.9K | $125.9K | +0.8% |
3 Bedrooms | $227.5K | $229K | +0.7% |
4 Bedrooms | $314K | $322.5K | +2.7% |
5+ Bedrooms | $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 | $149.3K | $175K | +17.1% |
Belleville Township | $149.5K | $175K | +17.0% |
Fairview Heights | $172.7K | $200K | +15.8% |
Saint Clair Township | $225K | $226.5K | +0.7% |
Swansea | $250K | $236K | -5.6% |
Housing Supply in Swansea, IL
How many homes are available in Swansea, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
44 | 44 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 4 | 2 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 9 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
58 Days | 47 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
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.