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Metro East home sales surge in latest figures

The latest Metro East home sales figures show the summer housing market kicking off in the right direction

These numbers are from Realtor Association of Southwestern Illinois for May.

Home sales

St. Clair County had a 30.7 percent rise in home sales. While Madison County home sales were up 6.1 percent from last year.

Compared to April, home sales in St. Clair County were up with 12.3 percent. Metro-East home sales were up 2.6 percent from last month, while Illinois was up 5 percent, with 16,837 homes sold in April.

Madison County year-to-date home sales were up 18 percent, while St. Clair County saw a 17.4

percent increase. Year-to-date home sales include homes sold from Jan. 1, 2021, to May 31, 2021.

Home prices

Home prices were up for almost every county in the Metro East. Madison County home prices

were up from May 2020 with 18.1 percent, with an average price of $192,492. St. Clair County home prices were up 13.2 percent, with an average price of $202,036. Home prices in Illinois were up 21.8 percent, with an average home price of $262,000. Metro-East home prices increased 10.8 percent.

The average home price in the Metro-East, in May, was $165,000.

“More people than ever are looking for a new home, if you’ve thought about selling, talk to a Realtor and check out all the possibilities.” says Celeste Wheeler, president of the Realtor Association of Southwestern Illinois.

Days on market

Homes in St. Clair County sold 41.6 percent faster than last year, while Madison County homes sold 34.2 percent faster than last year. In the state of Illinois, the average days on market statistic was down 39.6 percent. The average amount of time a house stays on the market is 32 days.

Statistics are provided by MARIS

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