$2,850 Closing Credit*
$240,000
2,009 SqFt
2 Beds
•3 Full Baths
Listing Office: Re/Max River Bend
Is Godfrey, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Godfrey has remained a Seller's Market.
Key Takeaway
Godfrey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Godfrey, IL
How much do homes in Godfrey, IL cost?
Median Sold Price
$199,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,900(+4.1%)
Key Takeaway
Homes in Godfrey have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Godfrey was $199,500 in October 2024, up 4.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $76K | -9.5% |
| 2 Bedrooms | $137K | $137K | 0.0% |
| 3 Bedrooms | $182K | $190K | +4.4% |
| 4 Bedrooms | $245K | $258.5K | +5.5% |
| 5+ Bedrooms | $297.4K | $418.5K | +40.7% |
Summary: Godfrey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 40.7%.
Median Sold Price Compared To Nearby Cities
| Alton | $114.9K | $125K | +8.7% |
| Alton Township | $114.9K | $125K | +8.7% |
| Foster Township | $232K | $245K | +5.6% |
| Godfrey | $191.6K | $199.5K | +4.1% |
| Godfrey Township | $191.6K | $199.2K | +4.0% |
Housing Supply in Godfrey, IL
How many homes are available in Godfrey, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Godfrey real estate market had 76 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Godfrey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Godfrey, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Godfrey in October 2024, up by 42.1% month-over-month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for Godfrey, IL
How long does it take to sell a home in Godfrey, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 50 Days | +71.0% |
Summary: Homes in Godfrey had an average of 50 days on market in Oct 2024, up by 71% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Godfrey has remained consistent over time.
Summary: During October 2024, 27 homes were sold in Godfrey; 33% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.