Is Shiloh Valley Township, 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, Shiloh Valley Township has remained a Seller's Market.
Key Takeaway
Shiloh Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiloh Valley Township, IL
How much do homes in Shiloh Valley Township, IL cost?
Median Sold Price
$375,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shiloh Valley Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Shiloh Valley Township was $375,000 in April 2024, up 16.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $141.5K | $134.5K | -4.9% |
| 3 Bedrooms | $237.5K | $285K | +20.0% |
| 4 Bedrooms | $335K | $399.5K | +19.3% |
| 5+ Bedrooms | $420K | $422.5K | +0.6% |
Summary: Shiloh Valley Township 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 decreased by 4.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Shiloh | $300K | $350K | +16.7% |
| Shiloh Valley Township | $322.5K | $375K | +16.3% |
| Mascoutah | $253K | $280K | +10.7% |
| Mascoutah Township | $253K | $276.5K | +9.3% |
Housing Supply in Shiloh Valley Township, IL
How many homes are available in Shiloh Valley Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 46 | +24.3% |
Summary: The Shiloh Valley Township real estate market had 46 homes for sale in April 2024, a 24.3% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 16 | 23 | +43.8% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Shiloh Valley Township 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiloh Valley Township, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Shiloh Valley Township in April 2024, up by 225.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Shiloh Valley Township, IL
How long does it take to sell a home in Shiloh Valley Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 64 Days | +39.4% |
Summary: Homes in Shiloh Valley Township had an average of 64 days on market in Apr 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shiloh Valley Township has remained consistent over time.
Summary: During April 2024, 13 homes were sold in Shiloh Valley Township; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.