Is Collinsville, 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, Collinsville has remained a Seller's Market.
Housing Prices in Collinsville, IL
How much do homes in Collinsville, IL cost?
Median Sold Price
$175,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Collinsville was $175,000 in April 2024, up 9% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $54K | +14.9% |
2 Bedrooms | $110K | $128K | +16.4% |
3 Bedrooms | $170K | $191K | +12.4% |
4 Bedrooms | $239.5K | $254.5K | +6.3% |
5+ Bedrooms | $275K | $417K | +51.7% |
Summary: Collinsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 51.7%.
Median Sold Price Compared To Nearby Cities
Caseyville | $154.5K | $255K | +65.1% |
Caseyville Township | $214.3K | $245K | +14.3% |
Collinsville | $160.6K | $175K | +9.0% |
Collinsville Township | $189K | $199.1K | +5.4% |
Maryville | $321K | $307.7K | -4.1% |
Housing Supply in Collinsville, IL
How many homes are available in Collinsville, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 71 | -6.6% |
Summary: The Collinsville real estate market had 71 homes for sale in April 2024, a 6.6% decrease 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 | 24 | 17 | -29.2% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Collinsville 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 29.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 23 | -37.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Collinsville in April 2024, down by 37.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.
Days on Market for Collinsville, IL
How long does it take to sell a home in Collinsville, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 24 Days | -22.9% |
Summary: Homes in Collinsville had an average of 24 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Collinsville; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.