Is Collinsville, 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, Collinsville has remained a Seller's Market.
Housing Prices in Collinsville, IL
How much do homes in Collinsville, IL cost?
Median Sold Price
$175,666
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Collinsville was $175,666 in May 2024, up 7.8% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $54K | +14.9% |
2 Bedrooms | $109K | $126K | +15.6% |
3 Bedrooms | $170K | $197.2K | +16.0% |
4 Bedrooms | $237.2K | $264.9K | +11.7% |
5+ Bedrooms | $231.5K | $417K | +80.2% |
Summary: Collinsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 80.2%.
Median Sold Price Compared To Nearby Cities
Caseyville | $171.5K | $260K | +51.6% |
Caseyville Township | $220K | $248K | +12.7% |
Collinsville Township | $187.3K | $203.1K | +8.4% |
Collinsville | $163K | $175.6K | +7.8% |
Maryville | $323K | $318.7K | -1.3% |
Housing Supply in Collinsville, IL
How many homes are available in Collinsville, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 73 | +1.4% |
Summary: The Collinsville real estate market had 73 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 11 | -38.9% |
3 Bedrooms | 35 | 35 | 0.0% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Collinsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 38.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 35 | +34.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Collinsville in May 2024, up by 34.6% month-over-month. Of the 35 sold homes, 31% were sold under asking, 14% were sold at asking, and 54% were sold over asking.
Days on Market for Collinsville, IL
How long does it take to sell a home in Collinsville, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 42 Days | +6.6% |
Summary: Homes in Collinsville had an average of 42 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Collinsville; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.