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 – The Metro-East housing market shows that home sales are still on a steady rise for 2018.
The number of homes sold in most of the Metro-East increased in October over September. Home sales in St. Clair County increased by 2.29 percent, while Clinton County saw a rise of 9.52 percent, and Randolph County home sales rose 30 percent. Macoupin County saw a leap of 52.38 percent, while, Jersey County saw a rise of 33.33 percent, and Madison County recorded a 19.08 percent.
As for a year-to-date comparison, homes sales in Clinton, Monroe, and Jersey, increased 7.1 percent, 6.23 percent, and 5.75 percent. St. Clair, Randolph, and Madison Counties followed closely behind with increases of 4.01 percent, 3.64 percent, and 3.16 percent, compared to the year-to-date home sales from October 2017.
REALTOR® Association of Southwestern Illinois President, Judy Ross thinks “seeing an increase during October is a good thing and hopefully we will continue to see an increase. People should not be discouraged from selling their home during the later part of the year, even though things seem hurried. That just means people are in a hurry to purchase a home as well.”
Home prices in St. Clair County held steady compared to October 2017 with a 0.31 percent increase, compared to Monroe County home prices that rose 4.67 percent. Jersey and Macoupin Counties saw a much bigger increase of 16.28 percent and 34.46 percent.
Days On Market
Days on market continued to decrease for some counties. Homes in Montgomery County sold 48.23 percent faster this October than last year. Other Counties who saw days on market decrease were Madison and Randolph Counties with decreases of 7.23 percent and 10.96 percent, respectively.
The REALTOR® Association of Southwestern Illinois (RASI) is the voice for real estate in Southwestern Illinois. Our mission is to empower members to succeed into the future. For more information on RASI and real estate careers, please visit www.618realtor.com or contact the office at (618) 277-1980 or Membership@myRASI.com.
|Residential Units Year Over Year|
|Residential Units Month Over Month – 2018|
|Year-to-Date Home Sales (Jan. 1 – Oct. 31)|
|Average Days on Market|
|Average Home Prices|
Statistics are provided by MARIS.
Archived Housing Market Statistics