Is Shiloh Valley Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Shiloh Valley Township was a Neutral Market.
Key Takeaway
Shiloh Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiloh Valley Township, IL
How much do homes in Shiloh Valley Township, IL cost?
Median Sold Price
$375,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shiloh Valley Township have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Shiloh Valley Township was $375,000 in May 2024, up 15.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $121K | $137K | +13.2% |
| 3 Bedrooms | $241K | $295K | +22.4% |
| 4 Bedrooms | $340K | $397.9K | +17.0% |
| 5+ Bedrooms | $430K | $423.7K | -1.5% |
Summary: Shiloh Valley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Shiloh | $300K | $350K | +16.7% |
| Shiloh Valley Township | $325K | $375K | +15.4% |
| Mascoutah Township | $250K | $280K | +12.0% |
| Mascoutah | $251K | $280K | +11.6% |
Housing Supply in Shiloh Valley Township, IL
How many homes are available in Shiloh Valley Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Shiloh Valley Township real estate market had 41 homes for sale in May 2024, a 8.9% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Shiloh Valley 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiloh Valley Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Shiloh Valley Township in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Shiloh Valley Township, IL
How long does it take to sell a home in Shiloh Valley Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 84 Days | 33 Days | -60.1% |
Summary: Homes in Shiloh Valley Township had an average of 33 days on market in May 2024, down by 60.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shiloh Valley Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Shiloh Valley Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.