Is Alton, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alton is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Alton was a Buyer's Market.

Key Takeaway

Alton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Alton, MO

How much do homes in Alton, MO cost?

Median Sold Price

$123,711

-

Based on all homes sold in March 2024.

Difference Since Last Month

+$8,711(+7.6%)

Key Takeaway

Homes in Alton have sold for 7.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 -$100.5K
N/A
4 $115K$175K
+52.2%
5+ --
N/A

Summary: Alton housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Alton
+7.6%
Piney Township
+7.6%

Housing Supply in Alton, MO

How many homes are available in Alton, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1821+16.7%

Summary: The Alton real estate market had 21 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 56
+20.0%
3 79
+28.6%
4 21
-50.0%
5+ 12
+100.0%

Summary: The Alton 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 increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Alton in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Alton, MO

How long does it take to sell a home in Alton, MO?

Average Sale Time

Feb 2024Mar 2024CHANGE
168 Days182 Days+8.7%

Summary: Homes in Alton had an average of 182 days on market in Mar 2024, up by 8.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Alton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 3 homes were sold in Alton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Alton, MO

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