Is Alton, 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, Alton has remained a Seller's Market.
Housing Prices in Alton, IL
How much do homes in Alton, IL cost?
Median Sold Price
$118,250
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alton was $118,250 in April 2024, up 12.6% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $36.2K | -4.7% |
2 Bedrooms | $74.2K | $82.9K | +11.7% |
3 Bedrooms | $133K | $135.9K | +2.2% |
4 Bedrooms | $180K | $177.7K | -1.3% |
5+ Bedrooms | $175K | $269K | +53.7% |
Summary: Alton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 53.7%.
Median Sold Price Compared To Nearby Cities
East Alton | $97.4K | $133K | +36.6% |
Wood River Township | $109K | $125.1K | +14.8% |
Alton | $105K | $118.2K | +12.6% |
Alton Township | $105K | $118K | +12.3% |
Housing Supply in Alton, IL
How many homes are available in Alton, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 111 | -1.8% |
Summary: The Alton real estate market had 111 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 44 | 44 | 0.0% |
3 Bedrooms | 45 | 43 | -4.4% |
4 Bedrooms | 18 | 15 | -16.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Alton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 35 | -7.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Alton in April 2024, down by 7.9% month-over-month. Of the 35 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Alton, IL
How long does it take to sell a home in Alton, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 56 Days | +3.0% |
Summary: Homes in Alton had an average of 56 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Alton; 31% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.