$70,000
0.71 Acres
Land
Listing Office: RE/MAX All Star Advantage
Is Swansea, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$251,150
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$17,150(+7.3%)
Key Takeaway
Homes in Swansea have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Swansea was $251,150 in December 2024, up 7.3% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.7K | - | N/A |
| 2 Bedrooms | $130K | $145K | +11.5% |
| 3 Bedrooms | $225K | $235.2K | +4.6% |
| 4 Bedrooms | $325K | $324.4K | -0.2% |
| 5+ Bedrooms | $455K | $352.5K | -22.5% |
Summary: Swansea housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Belleville Township | $174K | $188.2K | +8.1% |
| Belleville | $174.5K | $188.4K | +8.0% |
| Saint Clair Township | $225K | $242.3K | +7.7% |
| Swansea | $234K | $251.1K | +7.3% |
| Fairview Heights | $199.7K | $198.2K | -0.8% |
Housing Supply in Swansea, IL
How many homes are available in Swansea, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The Swansea real estate market had 41 homes for sale in December 2024, a 6.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Swansea housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swansea, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Swansea in December 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 35 Days | -19.6% |
Summary: Homes in Swansea had an average of 35 days on market in Dec 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swansea are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Swansea; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.