$1,186 Closing Credit*
$99,900
1,305 SqFt
2 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Alton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Alton was a Seller's Market.
Key Takeaway
Alton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alton, IL
How much do homes in Alton, IL cost?
Median Sold Price
$125,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,025(+8.7%)
Key Takeaway
Homes in Alton have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Alton was $125,000 in October 2024, up 8.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36.2K | $82K | +126.5% |
| 2 Bedrooms | $78K | $100.7K | +29.2% |
| 3 Bedrooms | $135K | $143K | +5.9% |
| 4 Bedrooms | $182K | $175K | -3.8% |
| 5+ Bedrooms | $205K | $252K | +22.9% |
Summary: Alton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.5%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| East Alton | $110.2K | $138.2K | +25.4% |
| Cottage Hills | $94.5K | $114K | +20.6% |
| Wood River Township | $114.9K | $133.2K | +15.9% |
| Alton | $114.9K | $125K | +8.7% |
| Alton Township | $114.9K | $125K | +8.7% |
Housing Supply in Alton, IL
How many homes are available in Alton, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 115 | +5.5% |
Summary: The Alton real estate market had 115 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 38 | 42 | +10.5% |
| 3 Bedrooms | 48 | 49 | +2.1% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Alton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 16 | -60.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Alton in October 2024, down by 60.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Alton, IL
How long does it take to sell a home in Alton, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 38 Days | -20.5% |
Summary: Homes in Alton had an average of 38 days on market in Oct 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alton has remained consistent over time.
Summary: During October 2024, 16 homes were sold in Alton; 38% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.