Is Vandalia, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Vandalia has remained a Seller's Market.
Key Takeaway
Vandalia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vandalia, IL
How much do homes in Vandalia, IL cost?
Median Sold Price
$115,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vandalia have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Vandalia was $115,000 in March 2024, down 3.4% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | - | N/A |
| 2 Bedrooms | $70.5K | $63.2K | -10.3% |
| 3 Bedrooms | $123.5K | $122.5K | -0.8% |
| 4 Bedrooms | $145K | $155K | +6.9% |
| 5+ Bedrooms | $266.5K | $265.5K | -0.4% |
Summary: Vandalia 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 decreased by 10.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Vandalia | $119K | $115K | -3.4% |
| Vandalia Township | $123K | $115K | -6.5% |
Housing Supply in Vandalia, IL
How many homes are available in Vandalia, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Vandalia real estate market had 22 homes for sale in March 2024, a 8.3% decrease 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Vandalia 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 decreased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
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 Vandalia, 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 Vandalia 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 Vandalia, IL
How long does it take to sell a home in Vandalia, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 99 Days | 70 Days | -29.3% |
Summary: Homes in Vandalia had an average of 70 days on market in Mar 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vandalia has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Vandalia; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.