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 May 2023
Since last year, Fort Russell Township has remained a Seller's Market.
Key Takeaway
Fort Russell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Russell Township, IL
How much do homes in Fort Russell Township, IL cost?
Median Sold Price
$280,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fort Russell Township have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Fort Russell Township was $280,000 in May 2024, up 13.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.9K | $47K | -5.8% |
| 2 Bedrooms | $131K | $168K | +28.2% |
| 3 Bedrooms | $243.2K | $262.5K | +7.9% |
| 4 Bedrooms | $349K | $390K | +11.7% |
| 5+ Bedrooms | $425K | $425K | 0.0% |
Summary: Fort Russell Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Moro | $171K | $235K | +37.4% |
| Wood River | $102.9K | $118K | +14.7% |
| Fort Russell Township | $247K | $280K | +13.4% |
| Bethalto | $179.9K | $180K | 0.1% |
Housing Supply in Fort Russell Township, IL
How many homes are available in Fort Russell Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Fort Russell Township real estate market had 34 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Fort Russell Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Russell Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Fort Russell Township in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 33 Days | -17.3% |
Summary: Homes in Fort Russell Township had an average of 33 days on market in May 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fort Russell Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Fort Russell Township; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.