Is Fort Russell Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fort Russell Township has remained a Seller's Market.
Housing Prices in Fort Russell Township, IL
How much do homes in Fort Russell Township, IL cost?
Median Sold Price
$285,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fort Russell Township was $285,000 in April 2024, up 15.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | $47K | -5.8% |
2 Bedrooms | $131K | $166K | +26.7% |
3 Bedrooms | $243K | $251.4K | +3.5% |
4 Bedrooms | $349K | $385K | +10.3% |
5+ Bedrooms | $457.5K | $540K | +18.0% |
Summary: Fort Russell Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
Moro | $187.5K | $225K | +20.0% |
Wood River | $99.2K | $116K | +16.9% |
Fort Russell Township | $247K | $285K | +15.4% |
Bethalto | $175K | $181.4K | +3.7% |
Housing Supply in Fort Russell Township, IL
How many homes are available in Fort Russell Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Fort Russell Township real estate market had 35 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fort Russell Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fort Russell Township in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Fort Russell Township, IL
How long does it take to sell a home in Fort Russell Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
142 Days | 42 Days | -70.1% |
Summary: Homes in Fort Russell Township had an average of 42 days on market in Apr 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Fort Russell Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.