Is Collinsville 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, Collinsville Township has remained a Seller's Market.
Housing Prices in Collinsville Township, IL
How much do homes in Collinsville Township, IL cost?
Median Sold Price
$203,166
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Collinsville Township was $203,166 in May 2024, up 8.4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $54.5K | +16.0% |
2 Bedrooms | $120K | $131K | +9.2% |
3 Bedrooms | $187K | $213K | +13.9% |
4 Bedrooms | $281.9K | $303.3K | +7.6% |
5+ Bedrooms | $350K | $372.5K | +6.4% |
Summary: Collinsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Caseyville Township | $220K | $248K | +12.7% |
Collinsville Township | $187.3K | $203.1K | +8.4% |
Collinsville | $163K | $175.6K | +7.8% |
Glen Carbon | $302.3K | $325.2K | +7.6% |
Maryville | $323K | $318.7K | -1.3% |
Housing Supply in Collinsville Township, IL
How many homes are available in Collinsville Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 110 | +2.8% |
Summary: The Collinsville Township real estate market had 110 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 12 | -40.0% |
3 Bedrooms | 56 | 57 | +1.8% |
4 Bedrooms | 27 | 38 | +40.7% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Collinsville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Collinsville Township in May 2024, up by 22.5% month-over-month. Of the 49 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Collinsville Township, IL
How long does it take to sell a home in Collinsville Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 50 Days | +34.1% |
Summary: Homes in Collinsville Township had an average of 50 days on market in May 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Collinsville Township; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.