Metro-East Housing Statistics Released
SHILOH, IL – The good news continues in real estate sales in the Metro-East. The number of homes sold in Monroe County more than doubled since March 2017, rising 67 percent in April and 32 percent compared to April of last year. Clinton County also saw a rise in homes sold over last month at a 59 percent increase since March.
Both Monroe and Randolph Counties continued to see a rise in home sales year-to-date since 2014. Homes sales in Monroe County increased seven percent and Randolph County increased five percent year-to-date.
In the Midwest as a whole, existing-home sales increased 3.8 percent to an annual rate of 1.36 million in April. In fact, Lawrence Yun, NAR chief economist, says every major region except for the Midwest saw a retreat in existing sales in April. The median price in the Midwest was $194,500, up 7.8 percent from a year ago.
St. Clair County’s median home price is also up $3,000 since April of 2016. Home prices in St. Clair County have continued to rise since 2013.
“The steady increase in home prices in St. Clair County is just one tangible example of the value of homeownership in the area and the Midwest” said REALTOR® Association of Southwestern Illinois President, Mike Gross.
|Residential Units YoY – April 2017|
|Residential Units MoM – 2017|
|Year-to-Date Home Sales (January 1 – April 30)|
|Median Home Prices|
|St. Clair||$ 128,000||$ 125,000||$ 116,950||$ 110,000||$ 89,900|
|Clinton||$ 100,000||$ 123,250||$ 119,000||$ 122,500||$ 117,750|
|Monroe||$ 191,500||$ 219,950||$ 153,000||$ 178,000||$ 164,000|
|Randolph||$ 87,000||$ 95,000||$ 85,000||$ 40,000||$ 51,000|
|Days on Market|
Statistics are provided by MARIS and the Illinois REALTORS®.