Is Wood River Township, 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, Wood River Township has remained a Seller's Market.
Key Takeaway
Wood River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood River Township, IL
How much do homes in Wood River Township, IL cost?
Median Sold Price
$123,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wood River Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Wood River Township was $123,000 in March 2024, up 11.8% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51.5K | $25.7K | -50.0% |
| 2 Bedrooms | $85K | $93K | +9.4% |
| 3 Bedrooms | $138K | $145K | +5.1% |
| 4 Bedrooms | $175.7K | $184.9K | +5.2% |
| 5+ Bedrooms | $147.5K | $210K | +42.4% |
Summary: Wood River Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 42.4%.
Median Sold Price Compared To Nearby Cities
| East Alton | $99.9K | $127.9K | +28.0% |
| Alton | $104.4K | $118.3K | +13.2% |
| Alton Township | $104.5K | $118.3K | +13.2% |
| Wood River Township | $110K | $123K | +11.8% |
Housing Supply in Wood River Township, IL
How many homes are available in Wood River Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 91 | -7.1% |
Summary: The Wood River Township real estate market had 91 homes for sale in March 2024, a 7.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 33 | 33 | 0.0% |
| 3 Bedrooms | 50 | 40 | -20.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Wood River Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood River Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Wood River Township in March 2024, down by 18.2% month-over-month. Of the 27 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for Wood River Township, IL
How long does it take to sell a home in Wood River Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 39 Days | -2.7% |
Summary: Homes in Wood River Township had an average of 39 days on market in Mar 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wood River Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Wood River Township; 48% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.