The housing sales market has started out strong for the calendar year in the Metro East
Residential home sales were up for over half of the Metro East in January. Compared to January 2020, St. Clair County saw a 29.2 percent increase, while Madison County had an increase of 20 percent. Home sales were up in the Metro East by 24.3 percent and Illinois was up 18.1 percent from last January.
Compared to January 2020, home prices are up for the entire Metro East. St. Clair County had a 15.4 percent increase, with an average home price of $186,575. Madison County home prices were up 12 percent, with an average price of $168,580. Home prices in Illinois were up 19.4 percent, with an average home price of $225,000. The Metro East had an increase of 14.8 percent. The average home price in the Metro East, in January, was $155,000.
“This time last year, seemed to be the start of any normal year. No one could have predicted what was going to happen. Seeing more home sales this January than last is amazing and says a lot about how motivated home buyers are.” says Celeste Wheeler, president of the Realtor Association of Southwestern Illinois, based in Shiloh.
Days on market
Homes in St. Clair County sold 37.1 percent faster in than January 2020. In the state of Illinois, the average days on market statistic was down 27.7 percent. The average amount of time a house stays on the market is 47 days.