Is East Saint Louis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Saint Louis was a Neutral Market.
Key Takeaway
East Saint Louis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Saint Louis, IL
How much do homes in East Saint Louis, IL cost?
Median Sold Price
$32,000
$30/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Saint Louis have sold for 19% less than they did a year ago.
Summary: The median home sold price in East Saint Louis was $32,000 in April 2024, down 19% from last year, and the median price per square foot was $30.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $25.4K | N/A |
| 2 Bedrooms | $26K | $33.2K | +27.9% |
| 3 Bedrooms | $63.5K | $30K | -52.8% |
| 4 Bedrooms | $72.5K | $73.3K | +1.2% |
| 5+ Bedrooms | $49.9K | $30K | -39.9% |
Summary: East Saint Louis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.9%, 3 bedroom homes decreased by 52.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
| East Saint Louis | $39.5K | $32K | -19.0% |
| East Saint Louis Township | $39.5K | $32K | -19.0% |
Housing Supply in East Saint Louis, IL
How many homes are available in East Saint Louis, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The East Saint Louis real estate market had 23 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Saint Louis 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 increased by 9.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Saint Louis, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in East Saint Louis in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for East Saint Louis, IL
How long does it take to sell a home in East Saint Louis, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -7.4% |
Summary: Homes in East Saint Louis had an average of 26 days on market in Apr 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Saint Louis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in East Saint Louis; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.