$2,963 Closing Credit*
$249,500
1,041 SqFt
2 Beds
•1 Full Bath
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 November 2023
At the same time last year, Millstadt was a Seller's Market.
Key Takeaway
Millstadt is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Millstadt, IL
How much do homes in Millstadt, IL cost?
Median Sold Price
$332,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,500(+33.0%)
Key Takeaway
Homes in Millstadt have sold for 33% more than they did a year ago.
Summary: The median home sold price in Millstadt was $332,500 in November 2024, up 33% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $205K | +241.7% |
| 2 Bedrooms | $170K | $168K | -1.2% |
| 3 Bedrooms | $255K | $296.2K | +16.2% |
| 4 Bedrooms | $400K | $400K | 0.0% |
| 5+ Bedrooms | $450K | $389.2K | -13.5% |
Summary: Millstadt housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 241.7%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 16.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Millstadt Township | $250K | $345K | +38.0% |
| Millstadt | $250K | $332.5K | +33.0% |
| Stookey Township | $175K | $205K | +17.1% |
Housing Supply in Millstadt, IL
How many homes are available in Millstadt, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Millstadt real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millstadt housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, 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
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millstadt, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Millstadt in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +9.9% |
Summary: Homes in Millstadt had an average of 36 days on market in Nov 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Millstadt has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Millstadt; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.