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 – March Inventory Maintains Low Days on Market

 Home Sales

Compared to March 2021, St. Clair County home sales decreased 3 percent and Madison County had a 7 percent decrease. Compared to February 2022, home sales in St. Clair County had a 35 percent increase and Madison County had a 10 percent increase.  Metro-East home sales were up 39 percent from last month, while Illinois increased 38 percent, with 13,748 homes sold in March.  Year-to-date home sales in St. Clair County were 713, a 3 percent decrease from this time last year. While Madison County had 788, a 7 percent decrease. Year-to-Date home sales include homes sold from January 1, 2022, to March 31, 2022.

 Home Prices

St. Clair County home prices were up from March 2021, with a 1 percent increase, an average price of $195,975. Madison County home prices were up 13 percent, with an average price of $198,966. Home prices in Illinois were up 5 percent, with a median home price of $248,588 compared to March 2021. Metro-East home prices increased 9 percent compared to March 2021. The average home price in the Metro-East, in March 2022, was $164,000.

 

“Record-low housing inventory means fewer options for homebuyers this spring, but the good news is that homebuyer demand is still strong.”, says Karen Sheesley of RE/MAX Preferred and President of the REALTOR® Association of Southwestern Illinois.

 

Days on Market

Homes sold faster in most Metro-East counties in March. Homes in St. Clair County sold 19 percent slower than last year. While Madison County homes sold 22 percent slower. In the state of Illinois, the average days on market statistic was down 22 percent. The metro-east average amount of time a house stays on the market is 70 days. Which is down from 84 days in March 2021.

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