Is Chouteau Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chouteau Township has remained a Seller's Market.
Key Takeaway
Chouteau Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chouteau Township, IL
How much do homes in Chouteau Township, IL cost?
Median Sold Price
$120,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chouteau Township have sold for 4% less than they did a year ago.
Summary: The median home sold price in Chouteau Township was $120,000 in May 2024, down 4% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27K | - | N/A |
| 2 Bedrooms | $75K | $73K | -2.8% |
| 3 Bedrooms | $133.5K | $120K | -10.1% |
| 4 Bedrooms | $150K | $165K | +10.0% |
| 5+ Bedrooms | $290K | $141.5K | -51.2% |
Summary: Chouteau Township 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 2.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 51.2%.
Median Sold Price Compared To Nearby Cities
| Pontoon Beach | $150K | $187K | +24.7% |
| Granite City | $109.9K | $120K | +9.1% |
| South Roxana | $88K | $90K | +2.3% |
| Chouteau Township | $125K | $120K | -4.0% |
Housing Supply in Chouteau Township, IL
How many homes are available in Chouteau Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The Chouteau Township real estate market had 18 homes for sale in May 2024, a 21.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chouteau Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chouteau Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chouteau Township in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Chouteau Township, IL
How long does it take to sell a home in Chouteau Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 18 Days | -51.4% |
Summary: Homes in Chouteau Township had an average of 18 days on market in May 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chouteau Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Chouteau Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.