Is Millstadt Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Millstadt Township has remained a Seller's Market.
Housing Prices in Millstadt Township, IL
How much do homes in Millstadt Township, IL cost?
Median Sold Price
$285,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Millstadt Township was $285,000 in May 2024, up 14% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $205K | +12.3% |
2 Bedrooms | $155K | $170K | +9.7% |
3 Bedrooms | $234.4K | $280K | +19.4% |
4 Bedrooms | $425K | $362.5K | -14.7% |
5+ Bedrooms | $250K | $489.9K | +96.0% |
Summary: Millstadt Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 96%.
Median Sold Price Compared To Nearby Cities
Prairie Du Long Township | $315K | $397.4K | +26.2% |
Millstadt Township | $250K | $285K | +14.0% |
Millstadt | $239K | $270K | +13.0% |
Sugar Loaf Township | $137.6K | $146.5K | +6.4% |
Smithton Township | $272K | $280K | +2.9% |
Housing Supply in Millstadt Township, IL
How many homes are available in Millstadt Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Summary: The Millstadt Township real estate market had 19 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Millstadt Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Millstadt Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Millstadt Township, IL
How long does it take to sell a home in Millstadt Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 33 Days | +20.2% |
Summary: Homes in Millstadt Township had an average of 33 days on market in May 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Millstadt Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.