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Metro East home sales surge in latest numbers

Metro East home sales continued to climb, according to the latest Realtor statistics.

Home sales

Sales were up from February for almost every county in the Metro East. Madison County had an increase of 27.5 percent, while St. Clair County home sales were up 21 percent from February. The Metro East as a whole, was up 27.3 percent, while Illinois was up 48.3 percent, with 14,900 homes sold in March.

Madison County had a 19.8 percent increase in year-to-date home sales, while St. Clair County saw a 6.9 percent increase. Year-to-date home sales include homes sold from Jan. 1, 2021, to March 31, 2021.

Home prices

Metro East home prices continued to increase from March 2020. St. Clair County had a 15.5 percent increase, with an average home price of $194,953. Madison County home prices were up 11.7 percent, with an average price of $176,130. Home prices in Illinois were up 15.3 percent, with an average home price of $249,000. The Metro East had an increase of 4 percent. The average home price in the Metro East, in March, was $150,750.

“Homes are selling fast, and the average sales price is going up. This would be a great time to put your home on the market and use a Realtor. Realtors are upheld to a certain Code of Conduct, which not only makes the process of selling your home easier, but also gives you a great sense of security.” says Celeste Wheeler, president of the Realtor Association of Southwestern Illinois, based in Shiloh.

Days on market

Homes are selling faster than March 2020. Homes in St. Clair County sold 38.8 percent faster than last year, while Madison County homes sold 9 percent faster than last year. In the state of Illinois, the average days on market statistic was down 25.8 percent. The average amount of time a house stays on the market is 46 days.

The following statistics are provided by MARIS.

 

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