Is Alton, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alton is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Alton has remained a Buyer's Market.

Key Takeaway

Alton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alton, MO

How much do homes in Alton, MO cost?

Median Sold Price

$126,355

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$34,594(-21.5%)

Key Takeaway

Homes in Alton have sold for 21.5% less than they did a year ago.

Summary: The median home sold price in Alton was $126,355 in May 2024, down 21.5% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$28.5K
N/A
2 $128K$56K
-56.3%
3 $93K$129K
+38.7%
4 $247.5K$145K
-41.4%
5+ $341.5K$352.5K
+3.2%

Summary: Alton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.3%, 3 bedroom homes increased by 38.7%, 4 bedroom homes decreased by 41.4%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Piney Township
-11.9%
Alton
-21.5%

Housing Supply in Alton, MO

How many homes are available in Alton, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2321-8.7%

Summary: The Alton real estate market had 21 homes for sale in May 2024, a 8.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 88
0.0%
3 119
-18.2%
4 12
+100.0%
5+ 00
0.0%

Summary: The Alton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Alton in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Alton, MO

How long does it take to sell a home in Alton, MO?

Average Sale Time

May 2023May 2024CHANGE
6 Days42 Days+600.0%

Summary: Homes in Alton had an average of 42 days on market in May 2024, up by 600% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Alton has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Alton; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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