$1,364 Closing Credit*
$114,900
1,676 SqFt
2 Beds
•1 Full Bath
Listing Office: Re/Max River Bend
Is Wood River, 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, Wood River has remained a Seller's Market.
Key Takeaway
Wood River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood River, IL
How much do homes in Wood River, IL cost?
Median Sold Price
$125,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+15.2%)
Key Takeaway
Homes in Wood River have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Wood River was $125,000 in October 2024, up 15.2% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | $35K | -44.9% |
| 2 Bedrooms | $90K | $100K | +11.1% |
| 3 Bedrooms | $124.2K | $139.9K | +12.6% |
| 4 Bedrooms | $175.5K | $170K | -3.1% |
| 5+ Bedrooms | $175K | $305.7K | +74.7% |
Summary: Wood River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 74.7%.
Median Sold Price Compared To Nearby Cities
| East Alton | $110.2K | $138.2K | +25.4% |
| Wood River Township | $114.9K | $133.2K | +15.9% |
| Wood River | $108.5K | $125K | +15.2% |
| Roxana | $94.9K | $102.7K | +8.3% |
| Bethalto | $180K | $186K | +3.3% |
Housing Supply in Wood River, IL
How many homes are available in Wood River, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Wood River real estate market had 37 homes for sale in October 2024, a 5.1% decrease 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 | 12 | 13 | +8.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wood River 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 8.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood River, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Wood River in October 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Wood River, IL
How long does it take to sell a home in Wood River, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 24 Days | -60.8% |
Summary: Homes in Wood River had an average of 24 days on market in Oct 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wood River has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Wood River; 45% of homes were sold within 30 days, 55% 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.