Is Wood River, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wood River has remained a Seller's Market.
Key Takeaway
Wood River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood River, IL
How much do homes in Wood River, IL cost?
Median Sold Price
$116,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wood River have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Wood River was $116,000 in April 2024, up 16.9% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.9K | $33.5K | -51.4% |
| 2 Bedrooms | $89.9K | $96K | +6.8% |
| 3 Bedrooms | $115K | $135.2K | +17.6% |
| 4 Bedrooms | $149.5K | $197K | +31.8% |
| 5+ Bedrooms | - | $175K | N/A |
Summary: Wood River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Alton | $97.4K | $133K | +36.6% |
| Wood River | $99.2K | $116K | +16.9% |
| Wood River Township | $109K | $125.1K | +14.8% |
| Bethalto | $175K | $181.4K | +3.7% |
Housing Supply in Wood River, IL
How many homes are available in Wood River, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Wood River real estate market had 37 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wood River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood River, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Wood River in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Wood River, IL
How long does it take to sell a home in Wood River, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -21.3% |
Summary: Homes in Wood River had an average of 28 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wood River are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Wood River; 69% of homes were sold within 30 days, 31% 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.