$2,969 Closing Credit*
$250,000
1,778 SqFt
3 Beds
•3 Full Baths
Listing Office: Keller Williams Pinnacle
Is Millstadt, 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, Millstadt has remained a Seller's Market.
Key Takeaway
Millstadt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millstadt, IL
How much do homes in Millstadt, IL cost?
Median Sold Price
$305,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+19.6%)
Key Takeaway
Homes in Millstadt have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Millstadt was $305,000 in October 2024, up 19.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $205K | +241.7% |
| 2 Bedrooms | $177.5K | $165K | -7.0% |
| 3 Bedrooms | $259K | $285K | +10.0% |
| 4 Bedrooms | $385K | $400K | +3.9% |
| 5+ Bedrooms | $450K | $389.2K | -13.5% |
Summary: Millstadt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 241.7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Millstadt Township | $259.5K | $320.9K | +23.7% |
| Millstadt | $255K | $305K | +19.6% |
| Stookey Township | $168.2K | $194K | +15.3% |
Housing Supply in Millstadt, IL
How many homes are available in Millstadt, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Millstadt real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millstadt 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millstadt, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Millstadt in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Millstadt, IL
How long does it take to sell a home in Millstadt, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 88 Days | +118.5% |
Summary: Homes in Millstadt had an average of 88 days on market in Oct 2024, up by 118.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Millstadt are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Millstadt; 17% of homes were sold within 30 days, 33% 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.