$12,000
0.34 Acres
Land
Listing Office: Market Pro Realty, Inc
Is Cottage Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cottage Hills has remained a Seller's Market.
Key Takeaway
Cottage Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottage Hills, IL
How much do homes in Cottage Hills, IL cost?
Median Sold Price
$112,500
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+19.0%)
Key Takeaway
Homes in Cottage Hills have sold for 19% more than they did a year ago.
Summary: The median home sold price in Cottage Hills was $112,500 in November 2024, up 19% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $66.5K | N/A |
| 2 Bedrooms | $93K | $74K | -20.4% |
| 3 Bedrooms | $100.5K | $121.5K | +20.9% |
| 4 Bedrooms | $96K | $73.7K | -23.2% |
| 5+ Bedrooms | $35K | $215K | +514.3% |
Summary: Cottage Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes increased by 514.3%.
Median Sold Price Compared To Nearby Cities
| East Alton | $113.5K | $136.7K | +20.5% |
| Cottage Hills | $94.5K | $112.5K | +19.0% |
| Wood River Township | $116.8K | $135K | +15.5% |
| Alton | $109.9K | $125K | +13.6% |
| Bethalto | $180K | $194.9K | +8.3% |
Housing Supply in Cottage Hills, IL
How many homes are available in Cottage Hills, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Summary: The Cottage Hills real estate market had 8 homes for sale in November 2024, a 42.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cottage Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cottage Hills in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cottage Hills, IL
How long does it take to sell a home in Cottage Hills, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 92 Days | +172.1% |
Summary: Homes in Cottage Hills had an average of 92 days on market in Nov 2024, up by 172.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cottage Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cottage Hills; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.