Is Monroe County, 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, Monroe County has remained a Seller's Market.
Housing Prices in Monroe County, IL
How much do homes in Monroe County, IL cost?
Median Sold Price
$307,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe County was $307,900 in April 2024, up 6.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $112.5K | -36.1% |
2 Bedrooms | $185K | $194.7K | +5.3% |
3 Bedrooms | $292K | $311.6K | +6.7% |
4 Bedrooms | $355K | $370K | +4.2% |
5+ Bedrooms | $450K | $375K | -16.7% |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Counties
Monroe County | $290K | $307.9K | +6.2% |
Saint Clair County | $189.8K | $199.9K | +5.3% |
Randolph County | $130K | $135K | +3.8% |
Saint Louis County | $244.3K | $242.7K | -0.7% |
Housing Supply in Monroe County, IL
How many homes are available in Monroe County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 86 | +13.2% |
Summary: The Monroe County real estate market had 86 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 47 | 52 | +10.6% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Monroe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Monroe County in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% were sold over asking.
Days on Market for Monroe County, IL
How long does it take to sell a home in Monroe County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 61 Days | +61.8% |
Summary: Homes in Monroe County had an average of 61 days on market in Apr 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Monroe County; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.