The housing market statistics for the Metro-East contain the prior month’s numbers, as reported by MARIS MLS. Figures calculated include the number of residential units sold this year compared to last year as well as compared to last month, the year-to-date home sales, the median home prices, and days on market in our area and adjacent counties (Madison, St. Clair, Macoupin, Clinton, Monroe, Randolph, Montgomery, and Jersey Counties).
Archived housing statistics are available at the bottom of the page.
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Key Housing Market Statistics in the Metro-East Released
SHILOH, IL – Sellers Continue To Benefit From Hot Market
Compared to August 2020, St. Clair County home sales were up 6.9 percent and Madison County had a 0.77% percent increase.
Compared to July 2021, home sales in St. Clair County. Metro-East home sales were up 9.6 percent from last month, while Illinois was down 2.4 percent, with 18,492 homes sold in August.
Madison and St. Clair Counties had increases in year-to-date home sales. St. Clair County saw a . Year-to-Date home sales include homes sold from January 1, 2021, to August 30, 2021.
St. Clair County home prices were up from August 2020 with a 16.5 percent increase, averaging $210,921. Madison County home prices were up 16.4 percent, with an average price of $202,839. Home prices in Illinois were up 8.4 percent, with an average home price of $257,000. Metro-East home prices increased 8.6 percent. The average home price in the Metro-East, in August, was $183,227.
“Limited inventory continued to boost home prices for sellers and lower days on market through August.” says Karen Sheesley of RE/MAX Preferred and President of the REALTOR® Association of Southwestern Illinois.
Days on Market
Homes sold faster in every Metro-East County in August. Homes in St. Clair County sold 45 percent faster than last year. While Madison County homes sold 38 percent faster. In the state of Illinois, the average days on market statistic was down 47 percent. The average amount of time a house stays on the market is 24 days. Which is down from 46 days in August 2020.